EOG Resources talks benchmark sale of 10-, 20-year senior notes; pricing Monday

By Aleesia Forni

New York, Jan. 11 – EOG Resources Inc. set price talk on Monday for a two-part benchmark offering of senior notes (A3/A-), according to a market source and a 424B5 filed with the Securities and Exchange Commission.

The offering includes a 10-year tranche talked in the Treasuries plus 210 basis points to 220 bps range and a 20-year piece talked in the range of 225 bps to 235 bps over Treasuries.

Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to repay $400 million of 2.5% senior notes due Feb. 1, 2016 and for general corporate purposes, including the repayment of commercial paper and funding of capital expenditures.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.