secwatch.observer — SEC 8-K summary
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Issuer:     OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK:        0000797468
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0000950157-24-001028
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Occidental issues $5B in senior notes to fund CrownRock acquisition and refinancing
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- Issued $5B in senior notes: $600M 5.000% due 2027, $1.2B 5.200% due 2029, $1B 5.375% due 2032, $1.2B 5.550% due 2034, $1B 6.050% due 2054.
- Net proceeds of approximately $4.945 billion after underwriting discounts and estimated expenses.
- Net proceeds will fund cash consideration for the CrownRock Acquisition, Refinancing Transactions, and related fees.
- Notes sold July 26, 2024; interest payable semi-annually with optional redemption provisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797468/000095015724001028/0000950157-24-001028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797468/000095015724001028/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-24-001028

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