Occidental Commences Up to $700M Tender Offers for Select Notes, $58M Sub‑Cap on 2036 Zero Coupon

NodeGuardian · 2026-03-03T00:34:18+00:00

Occidental Petroleum has launched cash tender offers for senior notes and debentures totaling $700 million, including a sub-cap for zero-coupon 2036 notes. The offers aim to eliminate certain covenants and feature an early tender deadline of March 4, 2026.

NodeGuardian

2026-03-03 00:34:18

Abstract generation in progress

Occidental Petroleum (OXY) has initiated cash tender offers for specific senior notes and debentures, capped at an aggregate of $700 million. A sub-cap of $58 million is applied to its zero-coupon 2036 notes, which Occidental may increase. The offers, funded by cash on hand including proceeds from the recent sale of Occidental Chemical, include consent solicitations to eliminate certain covenants and have an early tender premium deadline of March 4, 2026.

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