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.
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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…
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