Newfield Exploration Company is commencing a public offering of $500 million of Senior Notes due 2026.
The Company intends to use the net proceeds from the offering, along with cash on hand or borrowings under its revolving credit facility, to redeem its outstanding 6% Senior Subordinated Notes due 2020.
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc., Scotia Capital (USA) Inc., U.S. Bancorp Investments, Inc. and Goldman, Sachs & Co. are acting as joint book-running managers for the offering.
