Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
April 08 2020 - 4:30PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-228827
Free Writing Prospectus Dated April 8, 2020
EOG Resources, Inc.
Pricing Term Sheet
$750,000,000 4.375% Senior Notes due 2030
$750,000,000 4.950% Senior Notes due 2050
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Issuer:
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EOG Resources, Inc.
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Ratings*:
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Moody’s: A3 (stable)
S&P: A- (negative)
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Trade Date:
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April 8, 2020
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Settlement Date:
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April 14, 2020 (T+3)
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Interest Payment Dates:
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April 15 and October 15, commencing on October 15, 2020
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Senior Notes due 2030
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Senior Notes due 2050
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Principal Amount:
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$750,000,000
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$750,000,000
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Maturity Date:
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April 15, 2030
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April 15, 2050
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Coupon:
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4.375%
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4.950%
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Benchmark Treasury:
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1.500% due February 15, 2030
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2.375% due November 15, 2049
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Benchmark Treasury Yield:
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0.755%
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1.363%
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Spread to Benchmark Treasury:
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+362.5 basis points
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+362.5 basis points
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Yield to Maturity:
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4.380%
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4.988%
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Price to Public:
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99.960% of Principal Amount
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99.412% of Principal Amount
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Optional Redemption:
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Make-whole Call:
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If before January 15, 2030, treasury rate plus 50 basis points
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If before October 15, 2049, treasury rate plus 50 basis points
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Par Call:
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At any time on or after January 15, 2030
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At any time on or after October 15, 2049
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CUSIP/ISIN:
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26875P AU5 / US26875PAU57
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26875P AT8 / US26875PAT84
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Joint Book-Running Managers:
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Citigroup Global Markets Inc.
J.P. Morgan
Securities LLC
BMO Capital Markets Corp.
CIBC World Markets Corp.
Scotia Capital (USA) Inc.
SunTrust Robinson Humphrey, Inc.
Wells Fargo Securities, LLC
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Co-Managers:
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Barclays Capital Inc.
BofA Securities,
Inc.
Goldman Sachs & Co. LLC
PNC Capital Markets
LLC
SMBC Nikko Securities America, Inc.
U.S. Bancorp
Investments, Inc.
Comerica Securities, Inc.
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*
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Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or
withdrawn at any time.
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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which
this communication relates. Before you invest, you should read the prospectus in that registration statement and any other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get
these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup
Global Markets Inc. at (800) 831-9146 or J.P. Morgan Securities LLC at (212) 834-4533.
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