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Expand Energy Corp. announced a cash tender offer of $500 million for all of its outstanding 5.5% senior notes due 2026, according to a Nov. 20 press release.
Expand also issued a conditional notice of redemption for all of its outstanding 8.375% senior notes due 2028, however the company has not provided details for the redemption of the 2028 notes.
The tender offer consideration for the 2026 notes will be paid for each $1,000 principal amount of notes that are validly tendered and not withdrawn.
The offer, which commenced on Nov. 20, is scheduled to expire at 5 p.m. ET on Nov. 26, Expand said.
In addition to the consideration, holders of 2026 validly tendered notes accepted for purchase will also receive accrued and unpaid interest to, but not including, the settlement date for the tender offer, which is set for Dec. 3.
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