debt
confidence high
sentiment neutral
materiality 0.50
Chord Energy launches $750M notes offering, cash tender for $400M 6.375% 2026 notes
Chord Energy Corp
- Offering $750M of new senior unsecured notes due 2033 in private placement.
- Concurrent cash tender offer for any and all $400M of 6.375% senior notes due 2026.
- Net proceeds to fund tender, redeem remaining 2026 notes, repay credit facility, pay fees.
- Tender offer expires March 10, 2025; settled on bond repurchase yield plus 50 bps spread.
- Tender offer conditioned on successful completion of the notes offering.