Occidental Announces Commencement of Exchange Offer and Consent Solicitation for CrownRock Notes
OXY(OXY) Newsfilter·2024-07-19 20:55
HOUSTON, July 19, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced that it has commenced a private exchange offer to certain eligible holders (the "Exchange Offer") for any and all outstanding 5.000% Senior Notes due 2029 (the "CrownRock Notes") issued by CrownRock, L.P. ("CrownRock") and CrownRock Finance, Inc. for up to $376,084,000 aggregate principal amount of new notes to be issued by Occidental (the "Occidental Notes") and cash. As previously announced, on December 10, 2023, Occidental ...