Occidental to offer cash tender for certain senior notes
Occidental Petroleum Co. (Nasdaq: OXY), one of Colorado’s largest fossil fuel extractors, will offer cash tender in exchange for certain senior notes. The three eligible pools will be limited to aggregate amounts ranging from $650 to $700 million.
Eligible senior note holders will have until May 20 to exchange their notes. A full table conveying prices for each eligible senior note was filed with the Securities and Exchange Commission May 16. Shares for Occidental closed up by 5.68% after the announcement, trading at $67.72 as the bell rang. Occidental share prices have bounced back above their immediate pre-pandemic levels, with a large spike in value coming after the release of its annual report in March of 2022.
Occidental Petroleum Co. (Nasdaq: OXY), one of Colorado’s largest fossil fuel extractors, will offer cash tender in exchange for certain senior notes. The three eligible pools will be limited to aggregate amounts ranging from $650 to $700 million.
SPONSORED CONTENT
Federal District Court Rules Corporate Transparency Act Unconstitutional . . . But Most Small Businesses Must Still Comply
Lyons Gaddis Real Estate and Business Attorney Cameron Grant shares important details of the Corporate Transparency Act (CTA).
Eligible senior note holders will have until May 20 to exchange their notes. A full table conveying prices for each eligible senior note was filed with the Securities and Exchange Commission May 16. Shares for Occidental closed up by 5.68% after the announcement, trading at $67.72 as the bell rang. Occidental share prices have bounced back above their immediate pre-pandemic levels, with a…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
