NEW YORK--(BUSINESS WIRE)--Jan. 16, 2018--
Hess Corporation (NYSE:HES) announced today that it will redeem all of
its 8.125% Notes due February 15, 2019 (the “Notes”), of which
$349,621,000 aggregate principal amount is outstanding as of January 16,
2018. The formal notice of redemption was sent today to holders of the
Notes, by The Bank of New York Mellon, the trustee under the indenture
governing the Notes.
The Notes will be redeemed on February 15, 2018 (the “Redemption Date”)
at a redemption price to be calculated on the third business day
preceding the Redemption Date in accordance with the terms of the Notes.
Interest on the Notes will cease to accrue on and after the Redemption
Date. Hess intends to use cash on hand to fund the redemption of the
Questions regarding the redemption should be directed to The Bank of New
York Mellon at 111 Sanders Creek Parkway, Syracuse, New York 13057,
attn: Bondholder Relations or at 1-800-254-2826.
Hess Corporation is a leading global independent energy company engaged
in the exploration and production of crude oil and natural gas. More
information on Hess Corporation is available at http://www.hess.com.
This news release contains statements about future events and
expectations, or forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended. These projections and
statements reflect the company’s current views with respect to future
events and financial performance. No assurances can be given, however,
that these events will occur or that these projections will be achieved,
and actual results could differ materially from those projected as a
result of certain risk factors. A discussion of these risk factors is
included in the company’s periodic reports filed with the Securities and
Exchange Commission. Hess undertakes no obligation to update the
information contained in this news release to reflect subsequently
occurring events or circumstances.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180116006725/en/
Source: Hess Corporation
Lorrie Hecker, 212-536-8250