Market Overview

Concho Resources Announces Pricing of Senior Unsecured Notes

Concho Resources Inc. (NYSE: CXO) (“Concho”) today announced that it has priced an offering of $600 million aggregate principal amount of senior unsecured notes due 2022. The notes will bear interest at a rate of 5.500% per annum and will be issued at par. Concho intends to use the net proceeds from the offering to repay a portion of the outstanding balance under its credit facility. Concho expects to close the sale of the notes on March 12, 2012, subject to the satisfaction of customary closing conditions.

Posted-In: News Financing

 

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