Jan 20 (Reuters) - Newfield Exploration Co
on Wednesday sold $700 million of senior subordinated notes,
said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $650 million.
JP Morgan was the sole bookrunning manager for the sale.
BORROWER: NEWFIELD EXPLORATION CO
AMT $700 MLN COUPON 6.875 PCT MATURITY 2/1/2020 TYPE SR NOTES ISS PRICE 99.109 FIRST PAY 8/1/2010 MOODY'S Ba3 YIELD 7.00 PCT SETTLEMENT 1/25/2010 S&P BB-PLUS SPREAD 335 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS
Keywords: NEWFIELDEXPLORATIONCO DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The size of the deal was increased from an originally planned $650 million.
JP Morgan was the sole bookrunning manager for the sale.
BORROWER: NEWFIELD EXPLORATION CO
AMT $700 MLN COUPON 6.875 PCT MATURITY 2/1/2020 TYPE SR NOTES ISS PRICE 99.109 FIRST PAY 8/1/2010 MOODY'S Ba3 YIELD 7.00 PCT SETTLEMENT 1/25/2010 S&P BB-PLUS SPREAD 335 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS
Keywords: NEWFIELDEXPLORATIONCO DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.