Anadarko Petroleum Corp. has priced its registered public offering of $750 million 6.200% Senior Notes due 2040 and intends to use the net proceeds to fund a portion of the purchase price for its $1 billion cash tender offer.
The cash tender offer is for any and all 6.750% Senior Notes due 2011, originally issued by Anadarko Finance Co. , a wholly-owned subsidiary of Anadarko, and its partial cash tender offer for the 6.875% Notes due 2011 issued by Kerr-McGee Corp., also a wholly-owned subsidiary of Anadarko, and 6.125% Notes due 2012 and 5.000% Notes due 2012 issued by Anadarko.