debt
confidence high
sentiment positive
materiality 0.70
ConocoPhillips completes debt exchange, issuing 4.025% notes due 2062 and 3.758% notes due 2042
CONOCOPHILLIPS
- Pool 1 exchanged $1.75B of higher-coupon notes (6.50%–5.90%) for new 4.025% notes due 2062 and cash.
- Pool 2 exchanged $786M of notes (6.95%–7.40%) for new 3.758% notes due 2042 and cash.
- Final settlement expected March 23, 2022; early settlement on March 11 covered tenders before March 7.
- New notes issued by ConocoPhillips Company; old notes from COP, Burlington, and ConocoPhillips Company.
- Offers capped at $2.0B (Pool 1) and $1.0B (Pool 2) aggregate principal of new notes.