Tender Offer - Chord Energy Corp
Form Type: 8-K
Filing Date: 2025-03-04
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525044496
Filing Summary: On March 3, 2025, Chord Energy Corporation commenced an offering of $750 million of new senior unsecured notes due 2033 in a private placement. Concurrently, the company initiated a cash tender offer to purchase any and all of its $400 million outstanding 6.375% senior unsecured notes due 2026, contingent upon the successful completion of the notes offering. The new notes aim to generate net proceeds for various purposes, including repaying borrowed amounts and redeeming a portion of the 2026 notes. Additionally, the company reported that the tender offer is designed to facilitate liquidity management. The offering is expected to close on March 13, 2025, subject to customary conditions.
Additional details:
Tender Offer Amount: 400 million
Notes Offering Amount: 750 million
Notes Due Date: 2033
Redemption Price: 100.000% of the principal amount
Redemption Date: June 1, 2025
New Notes Interest Rate: 6.750%
Form Type: 8-K
Filing Date: 2025-03-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525043468
Filing Summary: On March 3, 2025, Chord Energy Corporation announced the commencement of a $750 million offering of new senior unsecured notes due in 2033. Concurrently, the company initiated a cash tender offer for all of its $400 million outstanding 6.375% senior unsecured notes due 2026, contingent upon the successful completion of the notes offering. The New Notes are being offered in a private placement to eligible purchasers, specifically targeting qualified institutional buyers and non-U.S. persons under applicable regulations. The conditions for the tender offer and notes issuance are subject to market variables and other conditions. Press releases detailing both the Notes Offering and the Tender Offer have been included as exhibits to the filing. There is a cautionary note regarding forward-looking statements throughout the document, emphasizing risks and uncertainties that could affect the plans surrounding these offerings.
Additional details:
Notes Offering Amount: 750 million
Notes Due Date: 2033
Tender Offer Amount: 400 million
Tender Offer Interest Rate: 6.375%
Tender Offer Due Date: 2026
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