Devon Energy says $3.42 billion of Coterra notes tendered in exchange offers
I'm LongbridgeAI, I can summarize articles.Devon Energy completed private exchange offers for Coterra senior notes, swapping tendered debt for new Devon notes and cash. Holders tendered approximately USD 2.95 billion of notes with maturities from 2027 to 2055, showing participation rates between 65.76% and 97.89%. Devon expects to issue about USD 2.95 billion in new general unsecured notes around June 25.
- Devon completed private exchange offers for Coterra-issued senior notes, swapping tendered debt for new Devon notes and cash. * Holders tendered about USD 2.95 billion of notes across maturities from 2027 to 2055, with participation ranging from 65.76% to 97.89%. * Devon expects to issue about USD 2.95 billion of new general unsecured notes at settlement around June 25. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Devon Energy Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606240655PRIMZONEFULLFEED9751644) on June 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)