Chord Energy Corporation Announces $500 Million Offering of Senior Notes

Core Viewpoint - Chord Energy Corporation plans to offer $500 million in senior unsecured notes due 2030 to fund the acquisition of oil and gas assets from XTO Energy and cover related expenses [1][2]. Group 1: Notes Offering - The company intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2030 in a private placement [1]. - The net proceeds from the Notes Offering will be used for funding the acquisition of certain oil and gas assets in the Williston Basin from XTO Energy and for paying associated costs [2]. - The final terms and amounts of the Notes are subject to market conditions and may differ from initial expectations [2]. Group 2: Redemption Terms - The Notes will have a "special mandatory redemption" clause if the XTO Acquisition does not occur by June 30, 2026, with a potential extension to September 30, 2026 [3]. - The redemption price will be 100% of the principal amount plus accrued interest, or 101% if the redemption trigger occurs after June 30, 2026 [3]. Group 3: Regulatory Information - The Notes have not been registered under the Securities Act of 1933 and are being offered only to qualified institutional buyers and non-U.S. persons [4]. - This press release is for informational purposes and does not constitute an offer to sell or solicit an offer to buy any security [5]. Group 4: Company Overview - Chord Energy Corporation is an independent exploration and production company focused on the Williston Basin, emphasizing capital discipline and free cash flow generation [6].