Loan & DebtSep 17, 2026, 04:24 PM
Expand Energy Corp. Prices $500M Senior Notes Offering
AI Summary
Expand Energy Corporation has successfully completed its public offering of $500 million in 5.650% Senior Notes due 2031. These notes are senior unsecured obligations of the company. The company retains the option to redeem the notes early under specific conditions outlined in the indenture, which also contains standard covenants regarding liens and corporate structure.
Key Highlights
- Expand Energy Corporation completed an underwritten public offering of $500 million in 5.650% Senior Notes due 2031.
- The Notes are senior unsecured obligations, ranking equally with other unsecured senior debt and senior to future subordinated debt.
- The Company may optionally redeem the Notes in whole or in part at any time prior to August 15, 2031, at a calculated redemption price.
- On or after August 15, 2031, the Company may redeem the Notes at 100% of the principal amount plus accrued interest.
- The Indenture includes customary covenants limiting the incurrence of liens and restrictions on consolidation, merger, or asset transfer.
Price Impact
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