debt
confidence high
sentiment neutral
materiality 0.40
Chevron USA issues $154M floating-rate notes due 2075 at SOFR minus 45 bps
CHEVRON CORP
- Chevron U.S.A. Inc. issued $154,204,000 Floating Rate Notes due December 9, 2075.
- Notes bear interest at Compounded SOFR minus 45 basis points, paid quarterly.
- Notes are fully and unconditionally guaranteed by Chevron Corporation on an unsecured basis.
- Underwriters include Morgan Stanley, J.P. Morgan, RBC Capital Markets, and UBS Securities.
- Proceeds from the offering are for general corporate purposes (per earlier prospectus).