debt
confidence high
sentiment neutral
materiality 0.65
Chord Energy prices $750M 6.750% senior notes due 2033; tender for $400M 2026 notes
Chord Energy Corp
- Priced $750M aggregate principal of 6.750% senior unsecured notes due 2033 at par.
- Net proceeds ~$739.3M; use includes tender for $400M 6.375% notes due 2026.
- Tender offer for any and all 2026 notes; redemption of any remaining on June 1, 2025.
- Also repay a portion of borrowings under senior secured revolving credit facility.
- Notes offering expected to close March 13, 2025; tender offer conditioned on closing.