secwatch.observer — SEC 8-K summary
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Issuer:     OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK:        0000797468
Form:       8-K
Filed at:   2024-02-05T23:59:59+00:00
Accession:  0000950157-24-000113
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Occidental extends $4B revolving credit facility maturity to 2028, adds sustainability-linked pricing
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- Amended and restated $4B revolving credit facility; maturity extended from June 2025 to June 2028.
- Interest rate margins: 100-190 bps (SOFR) and 0-90 bps (Alternate Base Rate); sustainability adjustments apply.
- Facility fee ranges from 12.5 to 35 bps per annum based on credit ratings and sustainability performance.
- Covenants include maximum total debt to total capitalization ratio of 0.65:1 and standard negative pledge.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797468/000095015724000113/0000950157-24-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797468/000095015724000113/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-24-000113

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