Summary
EOG Resources, Inc. (EOG) filed an 8-K on May 19, 2009, to report the entry into a material definitive agreement. Specifically, the company entered into an underwriting agreement on May 18, 2009, with a group of underwriters led by Barclays Capital Inc., Deutsche Bank Securities Inc., and J.P. Morgan Securities Inc. This agreement pertains to the sale of $900 million aggregate principal amount of EOG's 5.625% Senior Notes due 2019. The offering is expected to close on May 21, 2009, and is being conducted under a shelf registration statement filed on Form S-3. The issuance of these senior notes represents a significant financing event for EOG Resources. Investors should note that the proceeds from this offering will be used by the company, though the specific use is not detailed in this particular filing. The agreement includes customary representations, warranties, indemnification, and contribution provisions between EOG and the underwriters, which are standard in such debt offerings. The filing also lists the accompanying indenture and legal opinions as exhibits.
Key Highlights
- 1EOG Resources entered into an underwriting agreement on May 18, 2009.
- 2The agreement is for the sale of $900 million in aggregate principal amount of 5.625% Senior Notes due 2019.
- 3The offering is being underwritten by a syndicate including Barclays Capital Inc., Deutsche Bank Securities Inc., and J.P. Morgan Securities Inc.
- 4The closing of the note offering is expected on May 21, 2009.
- 5The notes are being offered under EOG's shelf registration statement on Form S-3.
- 6The filing includes the underwriting agreement, indenture, and legal opinions as exhibits.