Devon Energy Corporation Extends Exchange Offers With Respect to Certain of Its Senior Notes
21 Dezembro 2021 - 10:30AM
Devon Energy Corporation (NYSE: DVN) (the “Company” or “Devon”)
today announced that it has extended until December 29, 2021 at
5:00 p.m., New York City time, the expiration date of its offers to
exchange:
- an aggregate principal amount of up to $224,079,000 of its
8.250% Senior Notes due 2023, which have been registered under the
Securities Act of 1933, as amended (the “Securities Act”), for an
equal principal amount of the Company’s outstanding 8.250% Senior
Notes due 2023 (the “Old 2023 Notes”);
- an aggregate principal amount of up to $465,268,000 of its
5.250% Senior Notes due 2024, which have been registered under the
Securities Act, for an equal principal amount of the Company’s
outstanding 5.250% Senior Notes due 2024 (the “Old 2024
Notes”);
- an aggregate principal amount of up to $377,557,000 of its
5.250% Senior Notes due 2027, which have been registered under the
Securities Act, for an equal principal amount of the Company’s
outstanding 5.250% Senior Notes due 2027 (the “Old 2027
Notes”);
- an aggregate principal amount of up to $322,488,000 of its
5.875% Senior Notes due 2028, which have been registered under the
Securities Act, for an equal principal amount of the Company’s
outstanding 5.875% Senior Notes due 2028 (the “Old 2028 Notes”);
and
- an aggregate principal amount of up to $573,827,000 of its
4.500% Senior Notes due 2030, which have been registered under the
Securities Act, for an equal principal amount of the Company’s
outstanding 4.500% Senior Notes due 2030 (the “Old 2030 Notes” and,
together with the Old 2023 Notes, the Old 2024 Notes, the Old 2027
Notes and the Old 2028 Notes, the “Old Notes”).
The exchange offers had been scheduled to expire at 11:59 p.m.,
New York City time, on December 20, 2021. The extension of the
exchange offers has been made to allow holders of outstanding Old
Notes who have not yet tendered their Old Notes for exchange
additional time to do so. All other terms, provisions and
conditions of the exchange offers will remain in full force and
effect. As of 11:59 p.m., New York City time, on December 20, 2021,
approximately (i) $223,979,000 in aggregate principal amount of the
Old 2023 Notes had been tendered and not withdrawn, (ii)
$462,268,000 in aggregate principal amount of the Old 2024 Notes
had been tendered and not withdrawn, (iii) $377,557,000 in
aggregate principal amount of the Old 2027 Notes had been tendered
and not withdrawn, (iv) $322,453,000 in aggregate principal amount
of the Old 2028 Notes had been tendered and not withdrawn and (v)
$568,606,000 in aggregate principal amount of the Old 2030 Notes
had been tendered and not withdrawn. Devon Energy Corporation will
not receive any proceeds from the exchange offers.
The terms, provisions and conditions of the exchange offers and
other information relating to Devon Energy Corporation are set
forth in the prospectus dated November 22, 2021. Copies of the
prospectus and the related letter of transmittal may be obtained
from UMB Bank, National Association, which is serving as the
exchange agent for the exchange offers. UMB Bank, National
Association's address, and telephone number are as follows:
UMB Bank, National Association 204 N. RobisonOklahoma City, OK
73102Attention: Corporate Trust/SchmidtPhone: 405-239-5921
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of an
appropriate prospectus.ABOUT DEVON ENERGY
Devon Energy is a leading oil and gas producer in the U.S. with
a premier multi-basin portfolio headlined by a world-class acreage
position in the Delaware Basin. Devon’s disciplined cash-return
business model is designed to achieve strong returns, generate free
cash flow, and return capital to shareholders, while focusing on
safe and sustainable operations.
Investor Contacts |
Media
Contact |
Scott Coody, 405-552-4735 |
Lisa Adams, 405-228-1732 |
Chris Carr, 405-228-2496 |
|
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of the federal securities laws. Such statements are
subject to a number of assumptions, risks and uncertainties, many
of which are beyond the control of the Company. These risks
include, but are not limited to, the Company’s ability to complete
any of the exchange offers and the other risks identified in the
related prospectus, the Company’s Annual Report on Form 10-K and
its other filings with the SEC. Investors are cautioned that any
such statements are not guarantees of future performance and that
actual results or developments may differ materially and adversely
from those projected in the forward-looking statements. The
forward-looking statements in this press release are made as of the
date hereof, and the Company does not undertake, and expressly
disclaims, any duty to update or revise its forward-looking
statements based on new information, future events or
otherwise.
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