OKLAHOMA CITY, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Expand Energy Corporation EXE ("Expand Energy") announced today the expiration and results of its previously announced offer to purchase for cash (the "Tender Offer") any and all of its outstanding 5.500% Senior Notes due 2026 (the "Notes"), which expired at 5:00 p.m., New York City time, on November 27, 2024 (the "Expiration Time"). As of the Expiration Time, $453,162,000 aggregate principal amount of Notes, or approximately 90.63% of the aggregate principal amount of Notes outstanding, had been validly tendered and not validly withdrawn. The complete terms and conditions of the Tender Offer were set forth in an Offer to Purchase dated November 20, 2024 (as supplemented, the "Offer to Purchase"), and the related Notice of Guaranteed Delivery. Expand Energy expects to accept for payment all Notes validly tendered and not validly withdrawn prior to the Expiration Time and, in accordance with the terms of the Offer to Purchase, will pay all holders of such Notes $1,001.52 per $1,000 principal amount for all Notes accepted in the Tender Offer, including those properly tendered and not validly withdrawn prior to the Expiration Time and those tendered by the guaranteed delivery procedures described within the Offer to Purchase, within three business days after the Expiration Time, or December 3, 2024 (the "Settlement Date"). Also, on the Settlement Date, Expand Energy will pay accrued and unpaid interest from the last interest payment date of the Notes to, but not including, the Settlement Date

Expand Energy (EXE) announces $750M senior notes offering at 5.7%, replacing higher-rate debt due 2026/2028. Deal closes Dec 2024, managed by major banks.