Wednesday, March 9, 2022 8:30 AM ET
Occidental Announces Tender Results of Cash Tender Offers for Certain of its Senior Notes
HOUSTON — March 9, 2022 — Occidental (NYSE: OXY) today announced the tender results of its offers to purchase for cash (each, an “Offer” and collectively, the “Offers”) its outstanding notes listed in the tables below (the “Notes,” and each, a “Series” of Notes) in two separate pools (each, a “Pool”). The Offers were made on the terms and subject to the conditions set forth in the Offer to Purchase dated February 28, 2022 (the “Offer to Purchase”). In connection therewith, Occidental further announced that it is increasing (a) the maximum aggregate purchase price of Pool 1 Notes (as defined below) it will accept for purchase, excluding accrued but unpaid interest (as amended herein, the “Pool 1 Maximum Purchase Price”), from the previously announced amount of $1,500,000,000 to $1,527,015,840 and (b) the maximum aggregate purchase price of Pool 2 Notes (as defined below) it will accept for purchase, excluding accrued but unpaid interest (as amended herein, the “Pool 2 Maximum Purchase Price”), from the previously announced amount of $1,000,000,000 to $1,289,817,270. Capitalized terms used in this release but not otherwise defined have the meaning given in the Offer to Purchase.
The Offers expired at 5:00 p.m., New York City time, on March 4, 2022 (such time and date, the “Expiration Time”).
View the full release and cautionary statement regarding forward-looking statements here.