secwatch.observer — SEC 8-K summary
======================================

Issuer:     DEVON ENERGY CORP/DE (DVN)
CIK:        0001090012
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001193125-24-208803
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Devon closes $2.25B senior notes offering; special redemption if Grayson Mill deal fails
--------------------------------------------------------------------------------

- Issued $1.25B 5.200% notes due 2034 and $1B 5.750% notes due 2054 in registered public offering.
- Notes rank equally with existing unsecured debt; interest payable semi-annually starting March 2025.
- Special mandatory redemption at 101% if Grayson Mill acquisition not closed by later of Apr 8, 2025 or extended date.
- Make-whole call options prior to par call dates (3 months before maturity for 2034, 6 months for 2054).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090012/000119312524208803/0001193125-24-208803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090012/000119312524208803/d890210d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-208803

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer