Expand Energy Corporation announced the pricing of its offering of $750,000,000 aggregate principal amount of 5.700% senior notes due 2035 on November 21, 2024. The notes were priced to the public at 99.609% of their face value.
The notes offering is expected to close on December 2, 2024, subject to the satisfaction of customary closing conditions. This significant financing event will provide substantial capital to the company.
Expand Energy intends to use the net proceeds from this offering to fund its previously announced cash tender offer for its 5.500% Senior Notes due 2026 and the redemption of its 8.375% Senior Notes due 2028. This move supports the company's debt management strategy.
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