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Chord Energy Corporation Announces $500 Million Offering of Senior Notes
HOUSTON, Sept. 16, 2025 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) (the "Company," "we," "us," or "our"), announced today that, subject to market
About this update from Chord Energy Corporation
[{"type":"text","content":"HOUSTON, Sept. 16, 2025 /PRNewswire/ -- Chord Energy Corporation (NASDAQ: CHRD) (the \"Company,\" \"we,\" \"us,\" or \"our\"), announced today that, subject to market conditions, it intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2030 (the \"Notes\") in a private placement to eligible purchasers (the \"Notes Offering\"). The Notes will be unsecured, senior obligations of the Company and will be guaranteed by the Company's existing subsidiaries and future domestic subsidiaries that, in each case, guarantee the Company's senior secured revolving credit facility.\n\n \n \n \n \n \n \n\n \nThe Company intends to use the net proceeds from the Notes Offering for purposes of (i) funding all or a portion of the consideration in connection with the Company's recently announced pending acquisition of certain oil and gas assets in the Williston Basin from XTO Energy, Inc. (\"XTO\") (such acquisition, the \"XTO Acquisition\") and paying related costs and expenses and (ii) paying all fees and expenses associated with the Notes Offering. The final terms and amounts of the Notes are subject to market and other conditions and may be materially different than expectations.\nThe Notes will be subject to a \"special mandatory redemption\" in the event that the XTO Acquisition does not occur on or before June 30, 2026, which date may be extended to not later than September 30, 2026. The special mandatory redemption would be at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest up to but excluding the date upon which the Notes will be redeemed (unless the trigger date for the redemption occurs after June 30, 2026 and on or before September 30, 2026, in which case the redemption price will be equal to 101% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest).\nThe Notes have not been registered under the Securities Act of 1933, as amended (the \"Securities Act\"), or any state securities laws and unless so registered, the notes may not be offered or sold in the United States absent an applicable exemption from, or a transaction not subject to, registration requirements of the Securities Act and applicable state securities laws. The Notes are being offered and sold only to persons reasonably believed to be qua...