debt
confidence high
sentiment neutral
materiality 0.75
Chord Energy launches $500M senior notes offering to help fund XTO asset acquisition
Chord Energy Corp
- Offering $500M aggregate principal of senior unsecured notes due 2030 in private placement.
- Proceeds to fund portion of pending XTO Acquisition of Williston Basin assets and related costs.
- Notes subject to special mandatory redemption at 100%–101% if XTO deal fails to close by June 30, 2026 (extendable to Sept 30, 2026).
- Guaranteed by existing and future domestic subsidiaries that guarantee the senior secured revolver.
- Exhibit 99.2 provides unaudited pro forma financials for the prior Enerplus acquisition, not the XTO deal.
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