ConocoPhillips says more than $2 billion in senior notes were tendered in its recently announced tender offer scheduled to expire April 10, 2018.
The offer from ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company was announced earlier in the month. In the announcement, the company offered to purchase up to $400 million in outstanding debt securities.
But the offer drew far more of a response apparently than expected and totaled $2.1 billion aggregate principal amount of Notes as of 5 p.m. on March 27, 2018.
The notes were scheduled to be due at various dates ranging from 2021 to 2047. The notes also had a variety of interest rates ranging from 6.5% to 9.125%.
The tender offer included a premium of $30 per $1,000 principal amount of notes.
