Chord Energy Corporation (CHRD) announced Tuesday that it intends to offer $500 million of senior unsecured notes due 2030.
The company expects to use the net proceeds from the offering to fund its recently announced acquisition of certain oil and gas assets in the Williston Basin from XTO Energy, Inc., and to cover expenses related to the notes offering.
The notes will be subject to a "special mandatory redemption" if the XTO acquisition is not completed by June 30, 2026, with the deadline extendable to no later than September 30, 2026. The special mandatory redemption would be at a price equal to 100% of the principal amount of the notes, plus interest, unless the redemption is triggered after June 30, 2026 and on or before September 30, 2026, in which case the redemption price will be 101% of the principal amount plus interest.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.