Concho Resources Inc. - 2011-05-18
Description
The company plans to publicly offer $400 million aggregate principal amount of senior unsecured notes due 2022. The senior unsecured notes will be fully and unconditionally guaranteed by all of Concho's current subsidiaries. Concho intends to use the net proceeds from the offering to repay a portion of the outstanding balance under its credit facility.
BofA Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities LLC will act as joint book-running managers for the senior unsecured notes offering.