Hess Corp.
Description
Hess Corp. will redeem all of its 8.125% notes due February 15, 2019, of which $349.6 million aggregate principal amount is outstanding as of January 16, 2018. The notes will be redeemed on February 15, 2018 at a redemption price to be calculated on the third business day preceding the redemption date in accordance with the terms of the notes. Interest on the notes will cease to accrue on and after the redemption date. Hess intends to use cash on hand to fund the redemption of the notes.