Concho Resources Launches Proposed Debt Offering, Buyback

Sep 13 20:09 2017 Print This Article

Concho Resources Inc. (NYSE: CXO) launched a proposed offering of senior unsecured notes to fund its up to $2.15 billion debt buyback, it said on Sept. 13.

The debt offering comprises two series of Concho’s senior unsecured notes, maturing in 2027 and 2047. The notes will be fully and unconditionally guaranteed by all of Concho’s current subsidiaries, according to the company release.

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