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- 7.875% Notes due 2029;
- 7.300% Notes due 2031; and
- 7.125% Notes due 2033.
The Maximum Tender Offer was made pursuant to the terms and conditions
set forth in the offer to purchase dated
As of
Security |
Initial Principal Amount |
Acceptance |
Principal Amount |
||||||
7.875% Notes due October 1, 2029 |
$700,000,000 | 1 | $196,004,000 | ||||||
7.300% Notes due August 15, 2031 |
$750,000,000 | 2 | $185,455,000 | ||||||
7.125% Notes due March 15, 2033 |
$600,000,000 | 3 | $117,498,000 | ||||||
The applicable total consideration for the Notes validly tendered and
not validly withdrawn at or prior to the Early Tender Date and accepted
for purchase pursuant to the Maximum Tender Offer will be determined in
the manner described in the Offer to
The Maximum Tender Offer will expire at
The withdrawal deadline for the Maximum Tender Offer was
Hess plans to fund the Maximum Tender Offer with part of the proceeds
from the sale of its 4.30% Notes due 2027 and its 5.80% Notes due 2047,
which was completed on
For additional information regarding the terms of the Maximum Tender
Offer, please contact the lead dealer managers:
The obligation of Hess to accept any Notes tendered and to pay the
consideration for Notes is subject to satisfaction or waiver of certain
conditions and other terms set forth solely in the Offer to
This news release shall not be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell any of the Notes or any other securities. Hess, subject to applicable law, may amend, extend or terminate the Maximum Tender Offer and may postpone the acceptance for purchase of, and payment for, the Notes so tendered. The Maximum Tender Offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of Hess, the dealer managers, the information agent or the depositary makes any recommendations as to whether holders of the Notes should tender their Notes pursuant to the Maximum Tender Offer.
Cautionary Statements
This news release contains statements about future events and
expectations, or forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended. These projections and
statements reflect Hess’s current views with respect to future events
and financial performance. No assurances can be given, however, that
these events will occur or that these projections will be achieved, and
actual results could differ materially from those projected as a result
of certain risk factors, including those described in and incorporated
by reference into the Offer to
View source version on businesswire.com: http://www.businesswire.com/news/home/20160930005999/en/
Source:
For Hess Corporation
Investors:
Jay Wilson,
212-536-8940
or
Media:
Sard Verbinnen & Co
Michael
Henson / Patrick Scanlan, 212-687-8080