---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-282884"
form_type: "8-K"
ticker: "DVN"
cik: "0001090012"
company_name: "DEVON ENERGY CORP/DE"
filed_at: "2026-06-25T20:34:24+00:00"
generated_at: "2026-06-25T20:35:16.771334+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Devon completes $2.94B debt exchange, issues new notes at 3.9%-5.9% across 5 series

## Summary
- Settled exchange of ~$2.94B aggregate principal of existing Coterra notes for new Devon notes plus cash on June 25, 2026.
- Issued $627M 3.9% notes due 2027, $448M 4.375% notes due 2029, $466M 5.6% notes due 2034, $672M 5.4% notes due 2035, $734M 5.9% notes due 2055.
- New notes are unsecured and rank equally with Devon's other unsecured debt; remaining existing Coterra notes outstanding after settlement are ~$282M.
- Entered registration rights agreement with Wells Fargo, BofA, Citi; must use commercially reasonable efforts to file exchange offer registration statement within 450 days.
- Devon may pay up to 1% additional interest on new notes if exchange registration not completed within 450 days.

## SEC filing metadata
- accession: 0001193125-26-282884
- form_type: 8-K
- ticker: DVN
- cik: 0001090012
- company_name: DEVON ENERGY CORP/DE
- filed_at: 2026-06-25T20:34:24+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090012/000119312526282884/0001193125-26-282884-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090012/000119312526282884/d162931d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-282884
- JSON: https://secwatch.observer/filing/0001193125-26-282884.json
- Plain text: https://secwatch.observer/filing/0001193125-26-282884.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.