HOUSTON, March 05, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced the consideration payable in respect of its offers to purchase for cash (collectively, the “Tender Offers” and each a “Tender Offer”) its Zero Coupon Senior Notes due 2036 (the “0.000% 2036 Notes”), 6.125% Senior Notes due 2031 (the “6.125% 2031 Notes”), 6.625% Senior Notes due 2030 (the “6.625% 2030 Notes”), 7.200% Debentures due 2029 (the “7.200% 2029 Debentures”) and 7.950% Debentures due 2029 (the “7.950% 2029 Debentures” ...

Core Viewpoint - Oak-Eagle AcquireCo, Inc. has announced pricing terms for tender offers and consent solicitations for Electronic Arts Inc.'s senior notes, which are part of a larger acquisition plan involving a merger agreement [1][2]. Group 1: Tender Offers and Consent Solicitations - The tender offers are for Electronic Arts Inc.'s 1.850% Senior Notes due 2031 and 2.950% Senior Notes due 2051, with a total outstanding principal amount of $750 million for each series [1]. - The tender offers are conditioned upon the closing of the acquisition of Electronic Arts as per the merger agreement dated September 28, 2025 [1][2]. - The withdrawal deadline for the tender offers was set for February 24, 2026, and any notes tendered after this date cannot be withdrawn [1]. Group 2: Pricing Information - The pricing for the 1.850% Senior Notes includes a total consideration of $920.71 per $1,000 principal amount for notes tendered by the early tender deadline, and $870.71 for those tendered after [1]. - For the 2.950% Senior Notes, the total consideration is $744.06 for early tenders and $694.06 for later tenders [1]. - The settlement date for the tender offers is scheduled for March 16, 2026, unless extended or terminated [2]. Group 3: Proposed Amendments - The consent solicitations aim to obtain approvals for proposed amendments to the indenture, which would eliminate certain restrictive covenants and events of default [2]. - If the requisite consents are received, the proposed amendments will apply to any notes not purchased in the tender offers [2]. - The company may also consider defeasing the remaining notes, allowing holders to continue receiving interest and principal payments while removing certain covenants [2].

Core Viewpoint - Occidental has initiated cash tender offers for its outstanding senior notes and debentures, along with consent solicitations for certain series, as detailed in their Offer to Purchase and Consent Solicitation Statement dated February 19, 2026 [1][5]. Summary by Relevant Sections Tender Offers - Occidental is offering to purchase up to $700 million in aggregate principal amount of various notes, including Zero Coupon Senior Notes due 2036, 6.125% Senior Notes due 2031, 6.625% Senior Notes due 2030, and 7.200% and 7.950% Debentures due 2029 [5][11]. - The company will only accept up to $58 million of the Zero Coupon Senior Notes due 2036, subject to the order of priority [5][10]. Consent Solicitations - As part of the tender offers, Occidental is soliciting consents from holders of specific notes for proposed amendments that would eliminate certain covenants and change the notice period for redemptions [11][12]. - Holders must tender their notes to deliver consents, and the proposed amendments will become operative upon acceptance of the requisite principal amount [12][13]. Key Dates - The tender offers and consent solicitations will expire at 5:00 p.m. New York City time on March 19, 2026, unless extended or terminated earlier [6][8]. - Early tender time is set for 5:00 p.m. on March 4, 2026, with early settlement expected three business days after this date [7][9]. Financial Details - The total consideration for each $1,000 principal amount of notes validly tendered will be determined based on a fixed spread over the yield of the applicable U.S. Treasury security [6][7]. - Holders of notes tendered will also receive accrued and unpaid interest from the last payment date to the settlement date [7][9]. Management and Agents - Citigroup Global Markets Inc. is the sole Lead Dealer Manager for the tender offers, with several co-managers assisting [14].

Core Viewpoint - Lumen Technologies, Inc. announced cash tender offers by its subsidiary Level 3 Financing, Inc. to purchase outstanding notes, subject to specific terms and conditions outlined in the Offers to Purchase and Solicitations of Consents dated December 8, 2025 [1] Group 1 - The cash tender offers are part of Lumen's financial strategy to manage its outstanding debt [1] - The offers are being made by Level 3 Financing, Inc., which is a wholly-owned subsidiary of Lumen Technologies [1] - The terms and conditions of the tender offers are detailed in the Offers to Purchase and Solicitations of Consents document [1]

Core Viewpoint - Sunoco LP has successfully completed its private exchange offers for outstanding Canadian and U.S. dollar denominated notes issued by Parkland Corporation, with a significant majority of the notes tendered for exchange [1][2][4]. Summary by Category Exchange Offers and Results - The exchange offers for PKI CAD Notes and PKI USD Notes expired on November 4, 2025, with C$1,474,777,000 (approximately 92.2%) of PKI CAD Notes and US$2,579,839,000 (approximately 99.2%) of PKI USD Notes validly tendered [2][3]. - Specific series of PKI CAD Notes tendered include: - C$549,406,000 of 3.875% Senior Notes due 2026 (91.6%) - C$380,785,000 of 6.000% Senior Notes due 2028 (95.2%) - C$544,586,000 of 4.375% Senior Notes due 2029 (90.8%) [2]. - Specific series of PKI USD Notes tendered include: - US$498,854,000 of 5.875% Senior Notes due 2027 (99.8%) - US$789,974,000 of 4.500% Senior Notes due 2029 (98.8%) - US$798,252,000 of 4.625% Senior Notes due 2030 (99.8%) - US$492,759,000 of 6.625% Senior Notes due 2032 (98.6%) [2][3]. Amendments and Acquisitions - Sunoco completed its acquisition of Parkland Corporation, making it a wholly owned subsidiary, and plans to implement amendments to the PKI Indentures to eliminate restrictive covenants and certain events leading to defaults [4][6]. - The proposed amendments will take effect upon the settlement date of the exchange offers, expected on November 7, 2025 [4][6]. New Notes - The New Notes will have similar terms to the PKI Notes, including interest rates and payment dates, ensuring that tendering holders receive equivalent interest payments [7].

Core Viewpoint - Sunoco LP has successfully completed a significant portion of its private exchange offers for outstanding Canadian and U.S. dollar denominated notes issued by Parkland Corporation, with high participation rates from noteholders [1][5]. Summary by Category Exchange Offers - As of October 20, 2025, approximately C$1,352,346,000 (84.5%) of PKI CAD Notes and US$2,564,002,000 (98.6%) of PKI USD Notes have been validly tendered in the exchange offers [1][5]. - The exchange offers include an Early Participation Exchange Consideration of C$1,000 for PKI CAD Notes and US$1,000 for PKI USD Notes, which includes a C$50.00 or US$50.00 Early Participation Premium, plus a cash payment of C$2.50 or US$2.50 [2][6]. Participation Details - The participation rates for specific series of notes are as follows: - 3.875% Senior Notes due 2026: C$522,224,000 (87.0%) - 6.000% Senior Notes due 2028: C$372,461,000 (93.1%) - 4.375% Senior Notes due 2029: C$457,661,000 (76.3%) - 5.875% Senior Notes due 2027: US$492,653,000 (98.5%) - 4.500% Senior Notes due 2029: US$787,124,000 (98.4%) - 4.625% Senior Notes due 2030: US$797,122,000 (99.6%) - 6.625% Senior Notes due 2032: US$487,103,000 (97.4%) [1][3][5]. Conditions and Amendments - The exchange offers are subject to conditions, including the completion of Sunoco's acquisition of Parkland and the requirement that a majority of each series of PKI Notes must have tendered and consented [11][12]. - Proposed amendments to the PKI Indentures will eliminate restrictive covenants and certain events leading to an "Event of Default" [13]. Timeline - The expiration date for the exchange offers is set for November 4, 2025, with settlement expected shortly thereafter [9][10]. - Withdrawal rights for the exchange offers expired on October 20, 2025, meaning holders can no longer withdraw their tendered notes [8]. Company Overview - Sunoco LP operates as an energy infrastructure and fuel distribution master limited partnership, with a network spanning over 40 U.S. states, Puerto Rico, Europe, and Mexico [22].

Core Viewpoint - DuPont de Nemours, Inc. has completed its Exchange Offers for its outstanding notes, allowing eligible holders to exchange existing notes for new notes with specific terms and conditions [1][3][4]. Exchange Offers Summary - The Exchange Offers for the 2028, 2038, and 2048 Notes expired on September 30, 2025, at 5:00 p.m. New York City time [2]. - Eligible holders of the Existing Notes were offered a Total Consideration of $950 principal amount of New Notes plus $50 principal amount of New Notes and $2.50 in cash for each $1,000 principal amount of Existing Notes tendered [3][12]. - As of the Expiration Date, DuPont accepted for exchange all validly tendered 2028 Notes, totaling an aggregate principal amount of $1,584,398,000, which represents 70.42% of the outstanding amount [4][5]. Consent Solicitation Summary - DuPont received the requisite number of consents to adopt Proposed Amendments for the 2028 Notes, executing a supplemental indenture effective upon execution [4]. - However, the requisite consents were not received for the 2038 and 2048 Notes, leading DuPont to waive the Minimum Tender Condition and accept all tendered notes for these series [8]. New Notes Details - The New 2028 Notes will maintain the same interest rate, payment dates, and maturity date as the existing 2028 Notes, with the first interest payment including accrued interest from the tendered 2028 Notes [7][12]. - The New 2038 and 2048 Notes will similarly reflect the terms of their respective existing notes, ensuring that holders receive equivalent interest payments [12]. Future Plans - DuPont plans to redeem additional New 2028 Notes and/or existing 2028 Notes following the Intended Electronics Separation, targeting an aggregate principal amount equal to the Exchange Sublimits [9].

Core Viewpoint - DuPont de Nemours, Inc. is amending its exchange offers for existing notes to facilitate the issuance of new notes, while also soliciting consents for proposed amendments to the existing indenture governing these notes [1][2]. Exchange Offers - DuPont is offering to exchange its outstanding 4.725% Notes due 2028, 5.319% Notes due 2038, and 5.419% Notes due 2048 for new notes with the same interest rates and maturities [1]. - The exchange offers are set to expire on September 30, 2025, unless extended or terminated [9]. Consent Solicitation - As of September 15, 2025, the necessary consents for the proposed amendments regarding the 2028 Notes have been received, leading to the execution of a supplemental indenture [2]. - The proposed amendments for the 2028 Notes will only become operative once the new notes are issued and the applicable early participation payment is made [2]. Consideration Structure - Eligible holders of existing notes can receive an early participation payment of $50 in new notes and $2.50 in cash for each $1,000 principal amount of existing notes tendered before the early participation date [3]. - The total consideration for each $1,000 principal amount of existing notes validly tendered includes $950 in new notes plus the early participation payment [3][4]. Proration and Sublimits - If the requisite consents for the 2038 and 2048 Notes are not received, DuPont plans to waive the minimum tender condition and accept existing notes up to specified sublimits: $400 million for the 2038 Notes and $860 million for the 2048 Notes [6]. - In cases where the tendered amount exceeds the sublimits, a pro rata basis will be used to determine the amount accepted for exchange [6][7]. Redemption Plans - If the principal amount of either the 2038 or 2048 Notes tendered is less than the applicable sublimit, DuPont intends to redeem additional amounts of new or outstanding 2028 Notes [8]. Additional Information - Documents related to the exchange offers will be distributed only to eligible holders who meet specific criteria [9]. - The new notes have not been registered under the Securities Act and may not be offered or sold in the U.S. except under certain exemptions [10].

Core Viewpoint - Omnicom Group Inc. is initiating Exchange Offers for existing IPG Notes as part of its pending acquisition of The Interpublic Group of Companies, with a total principal amount of up to $2,950,000,000 in new senior notes being offered [1][4]. Group 1: Exchange Offers - Omnicom is offering to exchange various series of Existing IPG Notes, including 4.650% Notes due 2028, 4.750% Notes due 2030, 2.400% Notes due 2031, 5.375% Notes due 2033, 3.375% Notes due 2041, and 5.400% Notes due 2048 [1][3]. - The Exchange Offers are conditioned upon the completion of the Merger and the receipt of Majority Noteholder Consents [2][14]. Group 2: Consent Solicitations - In conjunction with the Exchange Offers, Omnicom is soliciting consents from Eligible Holders to amend the indentures governing the Existing IPG Notes, aiming to eliminate certain covenants and events of default [2][14]. - A Majority Noteholder Consent is required for the adoption of the Proposed Amendments to each Existing IPG Indenture [2]. Group 3: Financial Details - Eligible Holders who tender their Existing IPG Notes by the Early Tender Date will receive a Total Exchange Consideration that includes an Early Tender Payment and Consent Payment [6][11]. - The New Omnicom Notes will have identical interest rates and maturity dates as the Existing IPG Notes, and will be general unsecured senior obligations of Omnicom [9][19]. Group 4: Settlement and Conditions - The settlement date for the Exchange Offers is expected to occur within two business days after the Expiration Date, which may be extended if the Merger is not completed by then [8][14]. - The completion of the Merger is subject to regulatory approvals and customary closing conditions, and is not contingent upon the completion of the Exchange Offers [14].