Coterra closes $1.5B senior note offering to fund pending acquisitions

Coterra Energy Inc.

Issued $750M of 5.40% senior notes due 2035 and $750M of 5.90% senior notes due 2055.
Proceeds will support acquisitions of Franklin Mountain Energy and Avant Natural Resources assets.
Notes subject to special mandatory redemption at 101% if either acquisition fails to close by Feb–Mar 2025.
Notes are senior unsecured, rank equally with existing senior debt.
Closing occurred December 17, 2024; trustee is U.S. Bank Trust Company.

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