Loan & DebtJun 8, 2026, 04:47 PM

Shell Commences Exchange Offers for $6.35B Unregistered Notes

AI Summary

Shell plc announced the commencement of exchange offers for approximately $6.35 billion in outstanding unregistered notes issued by its subsidiary, Shell Finance US Inc. These offers allow holders to exchange their Restricted Notes for a like amount of new registered notes, which will have substantially identical terms but will be registered under the Securities Act and free from certain transfer restrictions. The Exchange Offers are expected to expire on July 8, 2026.

Key Highlights

Shell commenced exchange offers for approximately $6.35 billion of unregistered notes.
Offers include $920.7 million of 3.875% Guaranteed Notes due 2028.
Offers include $2.06 billion of 6.375% Guaranteed Notes due 2038.
Offers include $802.1 million of 5.500% Guaranteed Notes due 2040.
Offers include $691.2 million of 5.125% Guaranteed Notes due 2041.
Offers include $993.7 million of 3.125% Guaranteed Notes due 2049.
Offers include $876.8 million of 3.000% Guaranteed Notes due 2051.
The new Exchange Notes will be registered under the Securities Act.
The Exchange Offers are set to expire on July 8, 2026.

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SHEL

Oil & Gas Production

Shell plc

Price Impact