ConocoPhillips launches debt tender and exchange offers for up to $4B post-Marathon close

CONOCOPHILLIPS

ConocoPhillips Company commenced cash tender offers to purchase up to $4B aggregate of certain notes, including Marathon Oil notes.
Separate exchange offers allow eligible holders to swap up to $4B of Marathon notes for new ConocoPhillips Company notes guaranteed by COP.
Consent solicitations seek to eliminate covenants and events of default in indentures governing Marathon notes.
Early tender deadline is Dec 9, 2024; early settlement expected Dec 12, final settlement Dec 30.
Company concurrently launched a public offering of senior debt securities to fund the purchases.

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