The company said it elected to terminate the existing exchange offer for the Senior Notes due 2029 issued by CrownRock, L.P. and CrownRock Finance, Inc. (the CrownRock Notes), 5.000% of which were covered, on August 2, 2024.

1. 01

   The company said it elected to terminate the existing exchange offer for the Senior Notes due 2029 issued by CrownRock, L.P. and CrownRock Finance, Inc. (the CrownRock Notes), 5.000% of which were covered, on August 2, 2024.

2. 02

   The company said the terminated exchange offer would have exchanged the CrownRock Notes for up to $376,084,000 in aggregate principal amount of new 5.000% Senior Notes due 2029 to be issued by Occidental, plus cash.

3. 03

   The company said that, as a result of the termination, the total consideration will not be paid or become payable to holders who validly tendered and did not validly withdraw CrownRock Notes, and the tendered CrownRock Notes will be promptly returned.

4. 04

   The company also said that the consent solicitation was terminated, so the proposed amendments to the CrownRock Indenture governing the CrownRock Notes will not take effect. Global Bondholder Services Corporation served as exchange agent and information agent.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.