8-KOther Events

DEVON ENERGY CORP/DE 8-K Report (Apr 9, 2002)

Filed April 9, 2002For Securities:DVN

Summary

Devon Energy Corporation filed an 8-K on April 9, 2002, to report on events related to its previously declared effective Form S-3 Registration Statement. This filing is primarily informational, detailing exhibits associated with a significant capital-raising effort. Investors should note that the company had registered an aggregate of $1,500,000,000 of securities, indicating a substantial move to secure funding or expand its financial flexibility. The key disclosures relate to debt issuances. Specifically, Devon entered into an Underwriting Agreement on March 20, 2002, and an Indenture on March 1, 2002, for senior debt securities. Most notably, a Supplemental Indenture was executed on March 25, 2002, establishing $1,000,000,000 in aggregate principal amount of 7.95% Senior Debentures due April 15, 2032. This issuance represents a significant component of the registered securities.

Key Highlights

  • 1Devon Energy registered an aggregate of $1,500,000,000 of securities under a Form S-3 effective March 5, 2002.
  • 2The company entered into an Underwriting Agreement on March 20, 2002, with BofA Securities LLC and UBS Warburg LLC.
  • 3A Senior Indenture was established on March 1, 2002, with The Bank of New York as Trustee for senior debt securities.
  • 4A Supplemental Indenture dated March 25, 2002, created a specific series of debt: $1,000,000,000 of 7.95% Senior Debentures.
  • 5These Senior Debentures are due to mature on April 15, 2032.
  • 6A press release dated March 25, 2002, is also filed as an exhibit, likely detailing the debenture issuance.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide information about exhibits related to Devon Energy's Form S-3 Registration Statement, which was declared effective on March 5, 2002, for up to $1,500,000,000 of securities. It specifically details agreements and indentures related to debt issuances.

The filing discloses the establishment of $1,000,000,000 principal amount of 7.95% Senior Debentures due April 15, 2032, through a Supplemental Indenture dated March 25, 2002.

The key parties involved include Devon Energy Corporation as the issuer, The Bank of New York as the Trustee, and Banc of America Securities LLC and UBS Warburg LLC as representatives for the underwriters of the debt securities.

The 7.95% Senior Debentures due April 15, 2032, have a maturity date of April 15, 2032.