secwatch.observer — SEC 8-K summary
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Issuer:     Chord Energy Corp (CHRD)
CIK:        0001486159
Form:       8-K
Filed at:   2025-03-14T23:59:59+00:00
Accession:  0001193125-25-054897
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud

Chord Energy closes $750M issuance of 6.750% senior notes due 2033
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- Issued $750M aggregate principal of 6.750% senior unsecured notes due March 15, 2033, with interest payable semi-annually.
- Net proceeds used to purchase $366,342,000 of its 6.375% notes due 2026 via tender offer and to fund redemption of remaining 2026 notes.
- Remaining proceeds also repay a portion of borrowings under its senior secured revolving credit facility.
- Indenture restricts Chord’s ability to make investments, incur additional debt, create liens, and pay dividends under certain conditions.
- Covenants will terminate if notes are rated investment grade from two of three rating agencies and no default exists.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1486159/000119312525054897/0001193125-25-054897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1486159/000119312525054897/d929489d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-054897

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