debt
confidence high
sentiment neutral
materiality 0.60
Devon Energy issues $2.25B in senior notes at 5.200% and 5.750%
DEVON ENERGY CORP/DE
- Issues $1.25B of 5.200% Senior Notes due 2034 and $1B of 5.750% Senior Notes due 2054.
- Underwriting agreement with Citigroup, BofA, Truist, and Wells Fargo as representatives.
- Offering expected to close on August 28, 2024, subject to customary conditions.
- Proceeds not specified; notes sold under existing shelf registration statement (File No. 333-270269).
- Underwriters' affiliates have lending and advisory relationships with Devon.