Expand Energy prices $500M senior notes offering at 5.650%
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.1%
Revenue Growth %: -3.7%
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Expand Energy Corporation (NASDAQ: EXE) priced an offering of $500 million in aggregate principal amount of 5.650% senior notes due 2031, according to a company press release. The notes were priced at 99.889% of their face value.
The offering is expected to close on Sept. 17, 2026, subject to customary closing conditions. The company said it intends to use the net proceeds for general corporate purposes.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC served as joint book-running managers for the offering, which is being made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission on Nov. 20, 2024.
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