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Occidental Announces Final Results in its Offers to Exchange Twenty-Three Series of Notes Issued by Anadarko Petroleum Corporation, Anadarko Holding Company, Anadarko Finance Company and Kerr-McGee Corporation For Occidental Notes

Monday, September 16, 2019 7:37AM EST

 

HOUSTON – September 16, 2019 – Occidental Petroleum Corporation ("Occidental") (NYSE: OXY) today announced the expiration and final results of (i) the offers to exchange any and all validly tendered (and not validly withdrawn) and accepted notes of the 23 series of notes described in the table below (collectively, the "Old Notes") for the new notes of a corresponding series to be issued by Occidental as described in the table below (collectively, the "Oxy Notes") and cash and (ii) the related solicitation of consents (together with the offers to exchange, the "Exchange Offers") being made by Occidental on behalf of Anadarko Petroleum Corporation ("Anadarko"), Anadarko Holding Company, as successor in interest to Union Pacific Resources Group Inc. ("Anadarko HoldCo"), Anadarko Finance Company ("Anadarko Finance") and Kerr-McGee Corporation ("Kerr-McGee") to adopt certain proposed amendments (the "Proposed Amendments") to the terms of the indentures governing the Old Notes (the "Old Notes Indentures").

The Exchange Offers commenced on August 15, 2019 and expired at 12:01 a.m., New York City time, on September 13, 2019 (the "Expiration Date"). As of the Expiration Date, the principal amounts of Old Notes set forth in the table below had been validly tendered and not validly withdrawn:

View the full release and cautionary statement regarding forward-looking statements here.