debt
confidence high
sentiment neutral
materiality 0.60
ConocoPhillips upsizes cash tender offer to ~$3.1B, discloses exchange offer results
CONOCOPHILLIPS
- Cash tender offer upsized to accept all valid tenders; $2.72B principal tendered by March 7 early deadline.
- Total tender consideration includes $30 per $1,000 early tender premium; settlement expected March 11, 2022.
- Exchange offers: Pool 1 (up to $2.0B new 2062 notes) and Pool 2 (up to $1.0B new 2042 notes); minimum tender condition met.
- Financing conditions satisfied for both offers; withdrawal deadline has passed for early tenders.