Expand Energy Corporation Announces Pricing Terms of Cash Tender Offer for its 5.500% Senior Notes due 2026

About this update from Expand Energy Corporation

[{"type":"text","content":"OKLAHOMA CITY, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy”) announced today the pricing terms of the previously announced cash tender offer to purchase (the “Tender Offer”) any and all of its outstanding 5.500% Senior Notes due 2026 (the “Notes”). The complete terms and conditions of the Tender Offer were set forth in an Offer to Purchase dated November 20, 2024 (as supplemented, the “Offer to Purchase”), and the related Notice of Guaranteed Delivery. The “Purchase Price” for each $1,000 principal amount of the Notes validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the Tender Offer will be determined in the manner described in the Offer to Purchase by reference to the fixed spread specified below plus the yield based on the bid-side price of the U.S. Treasury Reference Security specified below as of 11:00 a.m. New York City time today, the date on which the Tender Offer is currently scheduled to expire. The Purchase Price is based on a yield to February 5, 2025, the date of the next specified redemption price reduction under the indenture governing the Notes, and assuming the Notes are redeemed on February 5, 2025, at the specified redemption price for such date of 100.000% of the principal amount, as described in the Offer to Purchase. Title ofSecurity CUSIPNumbers /ISINs PrincipalAmountOutstanding U.S.TreasuryReferenceSecurity BloombergReferencePage ReferenceYield FixedSpread PurchasePrice5.500%Senior Notes due2026 144A:165167DF1/US165167DF18Reg S:U16450BA2/USU16450BA27 $500,000,000 4.125% dueJanuary 31,2025 FIT3 4.569% 0 bps $1,001.52 In addition to the Purchase Price, holders whose Notes are purchased pursuant to the Tender Offer will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, December 3, 2024 (the “Settlement Date”), payable on the Settlement Date, assuming that the Tender Offer is not extended or earlier terminated. The Tender Offer will expire at 5:00 p.m. New York City Time today, unless extended by Expand Energy in its sole discretion (such time and date as the same may be extended, the “Expiration Time”). Tendered Notes may be withdrawn at any time before the Expiration Time. Holders of Notes must validly tender and not validly withdraw their Notes (or comply with the proc...

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