Plans $100M common stock offering and $300M convertible senior notes due 2031
Expects 30-day overallotment options for up to $15M of common stock and $45M aggregate principal amount of notes; J.P. Morgan is sole book-running manager for both offerings. - Notes are senior unsecured obligations maturing July 1st, 2031, with interest payable semi-annually; interest rate, initial conversion rate and other terms will be set at pricing. - Proceeds, together with the previously announced New Senior Secured Term Loan, are intended to repay the Senior Secured Term Loan with Exxon Mobil, pay transaction fees and expenses, and for general corporate purposes.
Expects 30-day overallotment options for up to $15M of common stock and $45M aggregate principal amount of notes; J.P.
Morgan is sole book-running manager for both offerings. - Notes are senior unsecured obligations maturing July 1st, 2031, with interest payable semi-annually; interest rate, initial conversion rate and other terms will be set at pricing. - Proceeds, together with the previously announced New Senior Secured Term Loan, are intended to repay the Senior Secured Term Loan with Exxon Mobil, pay transaction fees and expenses, and for general corporate purposes.