EOG guides $500 million six-year notes at 95 bps-100 bps spread; pricing Tuesday

By Aleesia Forni

Virginia Beach, March 18 - EOG Resources Inc. announced price guidance on Tuesday for a $500 million offering of senior notes due 2020, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

The notes are guided at 95 basis points to 100 bps over Treasuries.

Barclays, J.P. Morgan Securities LLC and RBC Capital Markets LLC are the joint bookrunners.

Proceeds will be used for general corporate purposes, including the repayment of commercial paper and capital expenditures.

EOG is a Houston-based crude oil and natural gas company.

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