Loan & DebtJul 9, 2026, 05:19 AM
Shell Completes $6.3B Debt Exchange Offer
AI Summary
Shell plc announced the final results of its exchange offers, accepting $6,298,101,000 in previously issued unregistered notes for new registered notes. The exchange involved several series of notes issued by Shell Finance US Inc. and fully guaranteed by Shell plc. Settlement and issuance of the new Exchange Notes are expected to occur on July 13, 2026.
Key Highlights
- Shell completed exchange offers for certain unregistered notes.
- A total of $6,298,101,000 in Restricted Notes were validly tendered and accepted.
- $2,060,368,000 of 6.375% Guaranteed Notes due 2038 were accepted.
- $993,464,000 of 3.125% Guaranteed Notes due 2049 were accepted.
- $885,241,000 of 3.875% Guaranteed Notes due 2028 were accepted.
- New registered notes will be issued by Shell Finance US Inc.
- Settlement and issuance of the Exchange Notes is expected on July 13, 2026.
Price Impact
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