Coterra Energy Announces Pricing of $1.5 Billion of Senior Unsecured Notes
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Coterra Energy Inc. has announced the pricing of $1.5 billion in senior unsecured notes, split into two tranches: $750 million due in 2035 with a 5.40% interest rate, and $750 million due in 2055 with a 5.90% interest rate. The offering is expected to close on December 17.
December 03, 2024 | 11:45 pm
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Coterra Energy Inc. has priced $1.5 billion in senior unsecured notes, which may impact its financial structure and interest obligations. The notes are split into two tranches with different maturities and interest rates.
The issuance of $1.5 billion in senior unsecured notes will affect Coterra's financial structure by increasing its debt load. The interest rates of 5.40% and 5.90% will determine the cost of this debt. However, as this is a planned financial move, it may not significantly impact the stock price in the short term unless further context about the use of proceeds or market conditions is provided.
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