Occidental Petroleum Files For 5-Part Senior Notes Offering; Size Not Disclosed; Notes Will Be Issued Only In Denominations Of $2,000 And Integral Multiples Of $1,000 In Excess Thereof
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Occidental Petroleum has filed for a 5-part senior notes offering, with the size not disclosed. The notes will be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof.
July 19, 2024 | 1:27 pm
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Occidental Petroleum's filing for a 5-part senior notes offering indicates a move to raise capital. The size of the offering is not disclosed, which may create some uncertainty. The notes will be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof.
The filing for a senior notes offering suggests Occidental Petroleum is looking to raise capital, which could be used for various purposes such as debt repayment or investment in growth opportunities. The lack of disclosure on the size of the offering may create some uncertainty among investors. However, the issuance of notes in specific denominations indicates a structured approach to the capital raise.
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