Occidental ($OXY) launched cash tender offers to buy up to $700.0M aggregate principal of five note series…
Filed with the SEC on · Summarized by InvestorsBot
Occidental ($OXY) launched cash tender offers to buy up to $700.0M aggregate principal of five note series (0.000% 2036; 6.125% 2031; 6.625% 2030; 7.200% 2029; 7.950% 2029). 0.000% 2036 sub‑cap $58M. 💵 #DebtBuyback #FixedIncome
Soliciting consents (excl. 0.000% 2036) to amend indentures to eliminate certain covenants; adoption requires requisite consents per the Offer to Purchase — could loosen contractual restrictions on Occidental. 🔁 $OXY #CorporateFinance #Debt
Offer dated Feb 19, 2026; expires Mar 19, 2026 at 5:00pm NYC. Early-tender deadline Mar 4, 2026 at 5:00pm NYC for early premium. Occidental intends to fund with cash on hand, incl. proceeds from sale of Oxy Chem (Jan 2, 2026). 🚨 $OXY #Investing