This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Anadarko Announces Pricing Of $2.0 Billion Of Senior Notes

Anadarko Petroleum Corporation (NYSE: APC) today announced it has priced its registered public offering of $2.0 billion, 6.375 percent Senior Notes due 2017.

Anadarko expects to close the offering on Aug. 12, 2010, and will use the net proceeds from the offering to repay approximately $1.3 billion of outstanding indebtedness due December 2012 and for general corporate purposes including the refinancing of other near-term debt maturities. As a result of repaying such indebtedness with the proceeds of the offering, Anadarko will not be entering into its previously announced $1.5 billion senior secured term loan facility.

J.P. Morgan Securities Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated and UBS Securities LLC are acting as lead book-running managers for the offering. The offering is being made only by means of a prospectus and related prospectus supplement. An investor may obtain free copies of both the prospectus and related prospectus supplement by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer or any underwriter participating in this offering will arrange to send a prospectus as supplemented to an investor, if requested, by contacting J.P. Morgan Securities Inc. at 1-212-834-4533 or by mail to Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Post-Sale Fulfillment; Barclays Capital Inc. at 1-888-603-5847 or by emailing to barclaysprospectus@broadridge.com; Citigroup Global Markets Inc. at 1-877-858-5407 or by mail to Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 58 th Street, 8 th Floor, Brooklyn, NY 11220; Credit Suisse Securities (USA) LLC at 1-800-221-1037 or by mail to Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010; Deutsche Bank Securities Inc. at 1-800-503-4611 or by emailing to prospectusrequest@list.db.com or by mail to Deutsche Bank Securities Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311; Goldman, Sachs & Co. at 866-471-2526 or by emailing to prospectus-ny@ny.email.gs.com or by mail to Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, facsimile: 1-212-902-9316; Morgan Stanley & Co. Incorporated at 1-866-718-1649 or by emailing to prospectus@morganstanley.com or by mail to 180 Varick Street, 2 nd Floor, New York, NY 10014, Attn: Prospectus Department; or UBS Securities LLC at 1-877-827-6444 ext. 561-3884 or by mail to UBS Securities LLC, Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offer is being made only through the prospectus as supplemented, which is part of a shelf registration statement that became effective on Aug. 14, 2009.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.42 -105.19 -0.62%
S&P 500 1,962.36 -10.47 -0.53%
NASDAQ 4,391.2850 -27.7490 -0.63%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs