Core Viewpoint - Expand Energy Corporation announced a $750 million offering of 5.700% senior notes due 2035, with proceeds intended for refinancing existing debt and general corporate purposes [1][2]. Group 1: Notes Offering Details - The offering consists of $750,000,000 aggregate principal amount of senior notes priced at 99.609% of their face value [1]. - The expected closing date for the Notes Offering is December 2, 2024, pending customary closing conditions [1]. - Proceeds will be used to fund the purchase of outstanding 5.500% senior notes due 2026 and the redemption of 8.375% senior notes due 2028, along with related interest and expenses [1]. Group 2: Company Background - Expand Energy Corporation is the largest independent natural gas producer in the United States, focusing on innovative approaches to disrupt traditional cost and market delivery models [5]. - The company aims to create sustainable value for stakeholders by leveraging its scale, financial strength, and operational execution [5]. - Expand Energy is committed to enhancing America's energy reach for a more affordable, reliable, and lower carbon future [5]. Group 3: Underwriters and Regulatory Compliance - J.P. Morgan Securities LLC, TD Securities (USA) LLC, and BofA Securities, Inc. are acting as joint book-running managers for the Notes Offering [3]. - The offering is made under an effective shelf registration statement filed with the SEC on November 20, 2024 [3].
Expand Energy Corporation Announces Pricing of Senior Notes Offering