Item 1.01 Entry into a Material Definitive Agreement.
Exchange Offers and Consent Solicitations
On
Aggregate Aggregate Principal Amount Principal Amount Tendered and Outstanding Title of Series of Existing Concho Notes Accepted Following Settlement 3.750% Senior Notes due 2027$ 981,172,000.00 $ 18,828,000.00 4.300% Senior Notes due 2028$ 972,920,000.00 $ 27,080,000.00 2.400% Senior Notes due 2031$ 489,351,000.00 $ 10,649,000.00 4.875% Senior Notes due 2047$ 799,770,000.00 $ 230,000.00 4.850% Senior Notes due 2048$ 589,822,000.00 $ 10,178,000.00
Prior to the settlement of the Exchange Offers and Consent Solicitations and upon receipt of the requisite number of consents to adopt the Proposed Amendments with respect to each of the five series of the Existing Concho Notes, Concho entered into a supplemental indenture with the trustee for the Existing Concho Notes. The supplemental indenture became operative upon the Settlement Date.
In connection with the settlement of the Exchange Offers and Consent
Solicitations, on
(i)
"2027 Notes");
(ii)
"2028 Notes");
(iii)
"2031 Notes");
(iv)
"2047 Notes"); and
(v)
"2048 Notes" and, together with the 2027 Notes, the 2028 Notes, the 2031 Notes and the 2047 Notes, the "Notes").
The Notes are governed by an indenture, dated as of
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The Notes are unsubordinated unsecured obligations of
The interest rate and maturity date for each series of Notes is as follows:
(i) The 2027 Notes will bear interest at a rate of 3.750% per annum and will
mature onOctober 1, 2027 .
(ii) The 2028 Notes will bear interest at a rate of 4.300% per annum and will
mature onAugust 15, 2028 .
(iii) The 2031 Notes will bear interest at a rate of 2.400% per annum and will
mature onFebruary 15, 2031 .
(iv) The 2047 Notes will bear interest at a rate of 4.875% per annum and will
mature onOctober 1, 2047 .
(v) The 2048 Notes will bear interest at a rate of 4.850% per annum and will
mature onAugust 15, 2048 .
The foregoing summary of the Notes does not purport to be complete and is qualified in its entirety by reference to the full text of (i) the Base Indenture attached as Exhibit 4.1 hereto; (ii) the Supplemental Indenture attached as Exhibit 4.2 hereto; and (iii) the forms of the Notes attached as Exhibits 4.3, 4.4, 4.5, 4.6 and 4.7 hereto, the terms of which are in each case incorporated herein by reference.
Registration Rights Agreement
On
The foregoing summary of the Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Registration Rights Agreement attached as Exhibit 4.8 hereto, the terms of which are incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Exhibit 4.1 Indenture, dated as ofOctober 9, 2002 , by and amongConocoPhillips , as issuer,ConocoPhillips Company , as successor guarantor toConoco Inc. andPhillips Petroleum Company , andThe Bank of New York Mellon Trust Company, N.A. , as successor trustee toThe Bank of New York (incorporated by reference to Exhibit 4.5 toConocoPhillips' Registration Statement on Form S-3 filed onNovember 13, 2002 ) 4.2 First Supplemental Indenture, dated as ofFebruary 8, 2021 , by and amongConocoPhillips ,ConocoPhillips Company andThe Bank of New York Mellon Trust Company, N.A. 4.3 Form of 3.750% Notes due 2027 (included in Exhibit 4.2 of this Current Report on Form 8-K) 4.4 Form of 4.300% Notes due 2028 (included in Exhibit 4.2 of this Current Report on Form 8-K) 4.5 Form of 2.400% Notes due 2031 (included in Exhibit 4.2 of this Current Report on Form 8-K) 4.6 Form of 4.875% Notes due 2047 (included in Exhibit 4.2 of this Current Report on Form 8-K) 4.7 Form of 4.850% Notes due 2048 (included in Exhibit 4.2 of this Current Report on Form 8-K) 4.8 Registration Rights Agreement, dated as ofFebruary 8, 2021 , by and amongConocoPhillips ,ConocoPhillips Company ,Barclays Capital Inc. ,BofA Securities, Inc. ,Citigroup Global Markets Inc. ,BMO Capital Markets Corp. ,Credit Agricole Securities (USA) Inc. ,Goldman Sachs & Co. LLC ,HSBC Securities (USA) Inc. ,Mizuho Securities USA LLC ,MUFG Securities Americas Inc. ,RBC Capital Markets, LLC ,SMBC Nikko Securities America, Inc. ,TD Securities (USA) LLC andWells Fargo Securities, LLC 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document -4-
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