debt
confidence high
sentiment neutral
materiality 0.65
ConocoPhillips upsizes debt tender to ~$4.05B; early results and pricing announced for Marathon notes
CONOCOPHILLIPS
- Upsized Maximum Offer Reference Amount from $4B to ~$4.05B to accept all priority 1-7 notes.
- Early tender results: $2.67B Marathon Any-and-All Notes tendered; $2.28B of Maximum Offer Notes.
- Marathon received requisite consents to adopt Proposed Amendments for all six Any-and-All Note series.
- Pricing set: Marathon 4.400% Notes due 2027 at $998.66/$1,000 (incl $50 early premium).
- Early settlement expected Dec 12; no further Maximum Offer Notes expected after Early Tender Deadline.