ConocoPhillips has released terms of its tender offer totaling $1.8 billion for a range of senior notes.
The notes range from 2.4% to 4.154% and are due beginning in 2022 and extending to 2034.
The tender offer was originally announced to be $1.75 billion but was later expanded to $1.8 billion.
1) Includes the Early Tender Premium of $30 per $1,000 principal amount of Notes for each Series (the “Early Tender Premium”).
(2) Per $1,000 principal amount of the Notes that are accepted for purchase.
All payments for Notes tendered on or before 5:00 p.m., New York City time, on June 6, 2018 (the “Early Tender Deadline”) that are purchased by the Company will also include accrued and unpaid interest on the principal amount of Notes tendered and accepted for purchase from the last interest payment date applicable to the relevant Series of Notes up to, but not including, the early settlement date, which is currently expected to be June 11, 2018.
The tender offer is scheduled to expire midnight, New York time on June 20.