Devon extends deadline for Coterra note exchange offers

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Devon Announces Results of Early Participation in Private Exchange Offers and Consent Solicitations and Extension of Deadline to Receive Total Exchange Consideration

June 8, 2026 6:55 AM EDT

HOUSTON, June 08, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) (Devon) today announced that, in connection with the previously announced offers to Eligible Holders (as defined herein) to exchange (each, an Exchange Offer and collectively, the Exchange Offers) any and all outstanding notes issued by Coterra Energy Inc., a direct, wholly owned subsidiary of Devon (Coterra), as set forth in the table below (the Existing Coterra Notes) for (1) new notes issued by Devon (the New Devon Notes) and (2) cash, and solicitations of consents by Coterra from Eligible Holders (each, a Consent Solicitation and, collectively, the Consent Solicitations) to adopt certain... More