debt
confidence high
sentiment neutral
materiality 0.50
Expand Energy prices $750M of 5.700% senior notes due 2035 for debt refinancing
EXPAND ENERGY Corp
- $750M aggregate principal amount of 5.700% senior notes due 2035 at 99.609% of face value.
- Net proceeds, plus cash on hand, to fund cash tender offer for 5.500% notes due 2026 and redeem all 8.375% notes due 2028.
- Offering expected to close December 2, 2024, subject to customary conditions.
- J.P. Morgan, TD Securities, and BofA Securities acted as joint book-running managers.