debt
confidence high
sentiment neutral
materiality 0.60
ConocoPhillips completes exchange of Marathon notes, issues $862M new notes
CONOCOPHILLIPS
- All validly tendered Existing Marathon Notes accepted for exchange; retired and cancelled.
- Issued $862M aggregate principal of new senior unsecured notes across six tranches maturing 2027-2045.
- New Notes are fully guaranteed by ConocoPhillips and rank equally with its other senior unsecured debt.
- Registration Rights Agreement filed; CPCo must register exchange offer by March 31, 2026 or pay additional interest.
- Exchange Offers expired; no longer open to holders.