The latest announcement is out from Chord Energy ( (CHRD) ).
On March 3, 2025, Chord Energy Corporation announced a $750 million offering of new senior unsecured notes due 2033 in a private placement, alongside a cash tender offer to purchase its outstanding $400 million senior unsecured notes due 2026. The proceeds from the new notes will be used to finance the tender offer, redeem any remaining 2026 notes, repay a portion of its credit facility borrowings, and cover associated fees and expenses. This strategic financial maneuver aims to optimize the company’s debt structure and enhance its financial flexibility.
More about Chord Energy
Chord Energy Corporation is an independent exploration and production company with long-lived assets in the Williston Basin. The company focuses on developing unconventional onshore oil-rich resources in the continental United States, emphasizing capital discipline and generating free cash flow.
YTD Price Performance: -3.86%
Average Trading Volume: 821,762
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.82B
Learn more about CHRD stock on TipRanks’ Stock Analysis page.