Concho Resources Inc. - 2012-03-08
Description
Plans to publicly offer $500 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. J.P. Morgan Securities LLC, BofA Merrill Lynch and Wells Fargo Securities, LLC will act as joint book-running managers.