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Anadarko prices tender offer for 6.375% notes

  • SOURCE: | Editor



    One of the partners operating in Ghana’s Jubilee Oil Fields, Anadarko Petroleum Corporation, has announced the determination of the pricing for its previously announced tender offer to purchase for cash its outstanding 6.375% Senior Notes due 2017.

    On Friday, Anadarko announced that it had increased the aggregate principal amount of Notes it would accept in the offer (the “Maximum Tender Amount”) to $1,250,000,000 and had accepted for purchase only the Maximum Tender Amount of the principal amount of Notes validly tendered prior to 5:00 p.m., New York Citytime, on April 21, 2016 (such date and time, the “Early Tender Date”).

    The tender offer is being made upon, and is subject to, the terms and conditions set forth in the Offer to Purchase, dated April 8, 2016 (the “Offer to Purchase”), and the related Letter of Transmittal.

    Anadarko said it will pay holders of Notes that were validly tendered prior to the Early Tender Date and accepted for purchase the Total Consideration of $1,063.56 for each $1,000 principal amount of its Notes accepted for purchase, plus accrued and unpaid interest up to, but not including, the Early Settlement Date (as defined below).

    The applicable Total Consideration for each $1,000 principal amount of Notes validly tendered prior to the Early Tender Date and accepted for purchase was determined in the manner described in the Offer to Purchase, calculated as of 2:00 p.m., New York City time, on April 22, 2016 (the “Pricing Time”). Anadarko has elected to make payment for the Notes it has accepted for purchase on April 25, 2016 (the “Early Settlement Date”).

    Attached above is the PDF file of the full details:


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