Chord Energy Corporation Announces Pricing of $750 Million Offering of Senior Notes

Core Viewpoint - Chord Energy Corporation announced a private placement of $750 million in senior unsecured notes with a 6.750$750 million in aggregate principal amount of 6.750% senior unsecured notes due 2033, priced at par [1]. - The offering is expected to close on March 13, 2025, subject to customary closing conditions [1]. - The New Notes will be unsecured and guaranteed by the Company's existing and future domestic subsidiaries [1][2]. Group 2: Use of Proceeds - The net proceeds from the Notes Offering will be used for financing a cash tender offer for all outstanding 6.375% senior unsecured notes due 2026 [2]. - Any remaining 2026 Notes after the tender offer will be redeemed around June 1, 2025, at a price of 100% of the principal amount plus accrued interest [2]. - Additional proceeds will be used to repay a portion of borrowings under the Company's Credit Facility and cover associated fees and expenses [2]. Group 3: Company Overview - Chord Energy Corporation is an independent exploration and production company focused on sustainable long-lived assets in the Williston Basin [5]. - The Company emphasizes a strong balance sheet and aims to generate free cash flow through efficient and responsible operations in the U.S. oil-rich resources [5].