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Chord Energy Corporation Announces $500 Million Offering of Senior Notes
Chord Energy Corporation (CHRD) | September 16, 2025
By Victor Perez
Chord Energy Corporation intends to offer $500 million in aggregate principal amount of senior unsecured notes due 2030 in a private placement to eligible purchasers.
The net proceeds from the Notes Offering will be used for funding the XTO Acquisition and paying related costs and expenses.
The Notes will be subject to a special mandatory redemption if the XTO Acquisition does not occur by a specified date.
Notes Offering
$500 million senior unsecured notes due 2030 in a private placement.
Use of Proceeds
Funding the XTO Acquisition and paying related costs.
Special Redemption
Notes subject to mandatory redemption if XTO Acquisition not completed by specific date.
Chord Energy Corporation aims to enhance its financial position by securing funds through the Notes Offering.
The successful completion of the XTO Acquisition is crucial for the Company's future growth and strategic plans.
Chord Energy Corporation's strategic move to offer senior notes and proceed with the XTO Acquisition demonstrates its commitment to expansion and investment in the Williston Basin.
