Halliburton to Issue $1.0 Billion of Senior Notes
February 19 2020 - 5:32PM
Business Wire
Halliburton Company (NYSE: HAL) announced today the pricing of
an offering of $1.0 billion aggregate principal amount of 2.92%
senior notes due 2030. The offering is expected to close on March
3, 2020, subject to the satisfaction of customary closing
conditions.
Halliburton intends to use the net proceeds of the offering,
together with cash on hand, to finance concurrent cash tender
offers to purchase certain series of Halliburton’s outstanding
senior notes. If the tender offers are not consummated or the net
proceeds from the offering exceed the total consideration payable
in the tender offers, Halliburton intends to use the remaining net
proceeds from the offering for general corporate purposes, which
may include the repayment or repurchase of other indebtedness. The
offering is not conditioned upon the completion of the tender
offers, although the consummation of the tender offers is
contingent upon, among other things, the completion of the offering
on terms and conditions satisfactory to Halliburton.
The notes are being offered pursuant to an effective shelf
registration statement on Form S-3 previously filed with the
Securities and Exchange Commission. J.P. Morgan Securities LLC,
Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and
Mizuho Securities USA LLC are acting as joint book-running managers
in connection with the offering of the notes. The notes are being
offered only by means of a prospectus supplement and accompanying
prospectus, copies of which may be obtained from:
J.P. Morgan Securities LLC 383 Madison Avenue, New York, NY
10179 Attn: Investment Grade Syndicate Desk Collect:
212-834-4533
Citigroup Global Markets Inc. c/o Broadridge Financial Solutions
1155 Long Island Avenue Edgewood, NY 11717 Toll-free:
1-800-831-9146 E-mail: prospectus@citi.com
HSBC Securities (USA) Inc. 452 Fifth Avenue, New York, NY
Toll-free: 1-866-811-8049
Mizuho Securities USA Inc. 1271 Avenue of the Americas, New
York, NY 10020 Attention: Debt Capital Markets Toll-free:
1-866-271-7403
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
approximately 55,000 employees, representing 140 nationalities in
more than 80 countries, the company helps its customers maximize
value throughout the lifecycle of the reservoir — from locating
hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and
optimizing production throughout the life of the asset. Visit the
company’s website at www.halliburton.com. Connect with Halliburton
on Facebook, Twitter, LinkedIn, Instagram and YouTube.
NOTE: This press release contains forward-looking
statements within the meaning of the federal securities laws,
including statements regarding the consummation of the concurrent
tender offers and the expected closing date and use of proceeds of
the offering. These statements are subject to numerous risks and
uncertainties, many of which are beyond Halliburton’s control,
which could cause actual results to differ materially from the
results expressed or implied by the statements. Halliburton’s Form
10-K for the year ended December 31, 2019, recent Current Reports
on Form 8-K, and other Securities and Exchange Commission filings
discuss some of the important risk factors identified that may
affect Halliburton’s business, results of operations, and financial
condition. Halliburton undertakes no obligation to revise or update
publicly any forward-looking statements for any reason.
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For Investors: Abu
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Relations investors@halliburton.com 281-871-2688
For News Media: Emily Mir Public Relations
pr@halliburton.com 281-871-2601
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