Devon Energy completes exchange of Coterra notes for new Devon debt

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Devon Announces Expiration and Final Results of its Private Exchange Offers and Consent Solicitations

June 24, 2026 6:55 AM EDT

HOUSTON, June 24, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) (Devon) today announced the final results of its 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.

The following table sets forth the aggregate principal amount of each series of Existing Coterra Notes that were validly... More