Finance & Investing | Fundraising | Capital Markets
After 17% Staff Cut, Anadarko Issues $3.0 Billion in Debt
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Anadarko Petroleum Corporation has priced its registered public offering of $3.0 billion aggregate principal amount of senior notes comprised of $800 million 4.85-percent senior notes due 2021, $1.1 billion 5.55-percent senior notes due 2026 and $1.1 billion 6.60-percent senior notes due 2046.
Anadarko expects to close the offering on March 17, 2016, subject to customary closing conditions, and intends to use the net proceeds from the offering to refinance its 5.95-percent senior notes prior to or at maturity in September 2016 and the remaining net proceeds to refinance a portion of its 6.375-percent senior notes prior to or at maturity in September 2017, and in the interim may use such net proceeds for general corporate purposes.
Barclays Capital Inc., Merrill Lynch, Pierce, Fenner &…
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