Hess Corp. (NYSE: HES) priced the maximum cash tender offer to purchase about $324 million in three series of senior notes on Oct. 4.
The tender offer for 7.875% notes due 2029, the 7.300% notes due 2031 and 7.125% notes due 2033 will close on Oct. 17.
Hess plans to fund the maximum tender offer with part of the proceeds from the sale of its 4.30% notes due 2027 and its 5.80% notes due 2047, which was completed on Sept. 28.
Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are lead dealer managers, and Mizuho Securities USA Inc. and MUFG Securities Americas Inc. are the co-dealer managers.
Global Bondholder Services Corp. is the tender and information agent.
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