ConocoPhillips和Concho Resources Inc.开始交易要约。开始同意请求

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休斯顿-康菲石油公司(NYSE: COP)今天宣布,关于对Concho Resources Inc.(“Concho”)的预期收购(NYSE:(CXO),康菲公司已经开始向符合条件的持有者提出交换要约(每个要约都是“交换要约”,统称为“交换要约”)。“交换提供”)发行的任何及所有杰出的笔记Concho如下表中规定(“现有Concho笔记”)为(1)总计3900000000美元的本金新发行的票据由康菲石油公司康菲石油公司,完全和无条件担保(“新康菲石油笔记”)和(2)现金。

下表列出了现有每一系列Concho Notes的交易价和总交易价:

现有Concho Notes的系列名称/ CUSIP编号 到期日 总校长未付清金额 交换的考虑(1) 总交流的考虑(2)
3.750% 2027 / 20605PAH4到期的高级票据 2027年10月1日 1000000000美元 2027年到期的新康菲3.750%债券本金970美元 2027年到期的新康菲3.750%债券本金1000美元,现金1美元
4.300%高级票据到期2028 / 20605PAK7  8月15日,2028年 1000000000美元 2028年到期的新康菲4.300%票据本金970美元 2028年到期的新康菲4.300%票据本金1000美元,现金1.00美元
2.400%高级票据到期日期2031 / 20605PAM3 2031年2月15日 500000000美元 2031年到期的新康菲2.400%债券本金970美元 2031年到期的新康菲2.400%债券本金1000美元,现金1.00美元
4.875% 2047 / 20605PAJ0到期的优先票据 2047年10月1日 800000000美元 2047年到期的新康菲4.875%债券本金970美元 2047年到期的新康菲4.875%债券本金1,000美元,现金1.00美元
4.850% 2048 / 20605PAL5到期的高级票据  8月15日,2048年 600000000美元 新康菲石油公司4.850%到期债券本金970美元 新康菲4.850%债券本金1000美元2048年到期,现金1美元

(1)在提前投标日后(此处定义)但在到期日或到期日之前有效投标的、未被有效提取和接受交换的现有Concho票据的每1000美元本金。

(2)在提前投标日期(定义如下)或之前有效投标的、未被有效撤回和接受交换的现有Concho票据的每1000美元本金。

与交换要约一起,Concho正在征求同意(每一个都称为“征求同意”,合起来称为“征求同意”),以采用对现有Concho票据的每一个契据的某些拟议修正案,以消除某些契约、限制性条款、违约事件,以及对某些康乔子公司的要求,以保证在未来从这样的契约。

交易要约及同意书征求是根据于2020年12月7日发行备忘录及同意书征求声明(“发行备忘录及同意书征求声明”)中所述的条款及条件进行的。

每个交换要约和征求同意以其他交换要约和征求同意的完成为条件,尽管康菲公司可以随时放弃该交换要约的条件。康菲公司对交换要约的任何条件豁免将自动豁免相应的征求同意条件。

此外,Exchange Offers和Consent solicsolices受日期为2020年10月18日的协议和合并计划(“合并协议”可能会不时修订,即“合并协议”)中所述交易完成的影响,包括ConocoPhillips、Falcon Merger Sub Corp.、康菲公司(“合并子公司”)和康菲公司的全资子公司,根据合并子公司将与康菲公司合并并并入康菲公司(“合并”),康菲公司作为康菲公司的全资子公司在合并中存活下来。

根据适用法律,康菲可自行决定修改或终止交换要约,并可延长与交换要约有关的提前投标日期(定义如下)、到期日(定义如下)和/或结算日期。康菲石油公司的任何此类修改、终止或延长将自动修改、终止或延长相应的征求同意(如适用)。

持有人有效投标他们现有Concho笔记或在下午5点之前,纽约时间,12月18日,2020年,除非延长(“早期投标日期”),将有资格获得,结算日期,适用的总交换考虑等提出在上面的表中所有现有Concho指出,接受。后有效投标现有Concho笔记持有者早期招标日期不晚于下午5点钟,但纽约时间,1月15日,2021年,除非延长(“到期日”),将有资格获得,结算日期,适用的交换考虑如前所述在上面的表中,所有被接受的现存的康乔票据。结算日期应在到期日之后,预计在到期日之后的两个工作日内。

与交易要约和征求同意有关的文件将只分发给证明其为(a) 1933年《证券法》(“证券法”)规则144A中定义的“合格机构买家”的现有Concho票据的合格持有人,或(b)在“美国”之外且(i)不是“美国”人”,这些术语定义在902规则下的证券法案,(ii)的人位于欧洲经济区或英国,不是“散户”(如提供备忘录和同意征集语句中定义),(3)在位于英国人的情况下,是“相关人士”(定义见发售备忘录及同意征求声明)及(iv)不位于加拿大。“交换要约”及“征求同意声明”的完整条款及条件载于“发售备忘录”及“征求同意声明”。如欲获得该等声明的副本,可联络全球债券持有人服务公司。与交易要约和征求同意有关的交易所代理和信息代理,电话:(866)470-3800(美国免费)或(212)430-3774(银行和经纪人)或Contact@gbsc-usa.com.申请资格表格可于以下网址下载:https://gbsc-usa.com/eligibility/conocophillips.

此新闻稿不构成出售或购买的要约,或征集销售或购买的要约,或者招标或同意的招揽,任何安全。在任何司法管辖区都没有提供,征集,购买或销售,这些优惠,征集或销售将是非法的。根据适用法律允许的情况,根据提供备忘录和同意征求声明,并仅根据适用法律所允许的司法管辖区的议事备忘录和同意征求声明而单独举行交流优惠。

新的康菲石油公司票据没有,也不会根据证券法或任何州证券法进行注册。因此,如果没有《证券法》和任何适用的州证券法的注册要求或适用的豁免,新康菲石油债券不得在美国出售。

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关于康菲石油公司

截至2020年9月30日,康菲石油公司总部位于德克萨斯州休斯顿,在15个国家开展业务和活动,总资产达630亿美元,员工约9800人。截至2020年9月30日,除利比亚外的九个月平均产量为1,108万桶石油当量,截至2019年12月31日,已探明储量为5.3万桶石油当量。欲了解更多信息,请访问www.garage-suites.com

联系人

媒体关系
约翰•罗珀
281-293-1451
media@conocophillips.com

投资者关系
281-293-5000
investor.relations@conocophillips.com

以警告性声明为目的的“安全港”条款是1995年《私人证券诉讼改革法》的规定

历史事实以外的所有陈述可能是联邦证券法的含义内的前瞻性陈述。Forward-looking statements relate to future events and anticipated results of operations and business strategies, statements regarding the Merger, including the anticipated benefits of the Merger, the anticipated impact of the Merger on ConocoPhillips’ business and future financial and operating results, the expected amount and timing of synergies from the Merger, and the anticipated closing date for the Merger and other aspects of operations or operating results. All statements, other than statements of historical fact, that address activities, events or developments that ConocoPhillips or Concho expects, believes or anticipates will or may occur in the future are forward-looking statements. Words and phrases such as “anticipate,” “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, ConocoPhillips or Concho expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond ConocoPhillips’ and Concho’s control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results or events to differ materially from those included in this press release. These include the ability to successfully integrate Concho’s businesses and technologies; the risk that the expected benefits and synergies of the Merger may not be fully achieved in a timely manner, or at all; the risk that ConocoPhillips or Concho will be unable to retain and hire key personnel; the risk associated with ConocoPhillips’ and Concho’s ability to obtain the approvals of the respective stockholders required to consummate the Merger and the timing of the closing of the Merger, including the risk that the conditions to the Merger are not satisfied on a timely basis or at all or the failure of the Merger to close for any other reason or to close on the anticipated terms; unanticipated difficulties or expenditures relating to the Merger, the response of business partners and retention as a result of the announcement and pendency of the Merger; uncertainty as to the long-term value of ConocoPhillips common stock; the diversion of management time on Merger-related matters; the inability to realize anticipated cost savings and capital expenditure reductions; the inadequacy of storage capacity for ConocoPhillips and Concho products, and ensuing curtailments, whether voluntary or involuntary, required to mitigate this physical constraint; the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; fluctuations in crude oil, bitumen, natural gas, LNG and NGLs prices, including a prolonged decline in these prices relative to historical or future expected levels; the impact of significant declines in prices for crude oil, bitumen, natural gas, LNG and NGLs, which may result in recognition of impairment charges on ConocoPhillips’ or Concho’s long-lived assets, leaseholds and nonconsolidated equity investments; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks and the inherent uncertainties in predicting reserves and reservoir performance; reductions in reserves replacement rates, whether as a result of the significant declines in commodity prices or otherwise; unsuccessful exploratory drilling activities or the inability to obtain access to exploratory acreage; unexpected changes in costs or technical requirements for constructing, modifying or operating E&P facilities; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change or further regulating hydraulic fracturing, methane emissions, flaring or water disposal; lack of, or disruptions in, adequate and reliable transportation for ConocoPhillips’ or Concho’s sales volumes, including crude oil, bitumen, natural gas, LNG and NGLs; the inability to timely obtain or maintain permits, including those necessary for construction, drilling and/or development, or inability to make capital expenditures required to maintain compliance with any necessary permits or applicable laws or regulations; the failure to complete definitive agreements and feasibility studies for, and to complete construction of, announced and future E&P and LNG development in a timely manner (if at all) or on budget; potential disruption or interruption of ConocoPhillips’ or Concho’s operations due to accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks, and information technology failures, constraints or disruptions; changes in international monetary conditions and foreign currency exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs relating to ConocoPhillips’ or Concho’s sales volumes, including crude oil, bitumen, natural gas, LNG, NGLs and any materials or products (such as aluminum and steel) used in the operation of ConocoPhillips’ or Concho’s business; substantial investment in, and development and use of, competing or alternative energy sources, including as a result of existing or future environmental rules and regulations; liability for remedial actions, including removal and reclamation obligations, under existing and future environmental regulations and litigation; significant operational or investment changes imposed by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce GHG emissions; liability resulting from litigation, including litigation related to the Merger, or ConocoPhillips’ or Concho’s failure to comply with applicable laws and regulations; general domestic and international economic and political developments, including armed hostilities; expropriation of assets; changes in governmental policies relating to crude oil, bitumen, natural gas, LNG and NGLs pricing, regulation or taxation, and other political, economic or diplomatic developments; volatility in the commodity futures markets; changes in tax and other laws, regulations (including alternative energy mandates), or royalty rules applicable to ConocoPhillips’ or Concho’s business; competition and consolidation in the oil and gas E&P industry; any limitations on ConocoPhillips’ or Concho’s access to capital or increase in ConocoPhillips’ or Concho’s cost of capital, including as a result of illiquidity or uncertainty in domestic or international financial markets; ConocoPhillips’ or Concho’s inability to execute, or delays in the completion of, any asset dispositions or acquisitions ConocoPhillips or Concho elects to pursue; potential failure to obtain, or delays in obtaining, any necessary regulatory approvals for pending or future asset dispositions or acquisitions, or that such approvals may require modification to the terms of the transactions or the operation of ConocoPhillips’ or Concho’s remaining business; potential disruption of ConocoPhillips’ or Concho’s operations as a result of pending or future asset dispositions or acquisitions, including the diversion of management time and attention; the inability to deploy the net proceeds from any asset dispositions that are pending or that ConocoPhillips or Concho elects to undertake in the future in the manner and timeframe ConocoPhillips or Concho currently anticipates, if at all; the inability to liquidate the common stock issued to ConocoPhillips by Cenovus Energy as part of ConocoPhillips’ sale of certain assets in western Canada at prices ConocoPhillips deems acceptable, or at all; the operation and financing of ConocoPhillips’ or Concho’s joint ventures; and the ability of ConocoPhillips or Concho customers and other contractual counterparties to satisfy their obligations to ConocoPhillips or Concho, including ConocoPhillips’ ability to collect payments when due from the government of Venezuela or PDVSA.

额外重要的风险,不确定性和其他因素中描述提供备忘录和同意征集的声明中,康菲石油公司的年度报告为12月31日结束的财政年度内,形成10 - k 2019和康菲石油公司的季度报告形式的10的季度时间截至3月31日,2020年6月30日2020年和2020年9月30日,某些当前形式公布报告和其他文件康菲石油与SEC和Concho年度报告形式的10 - k为12月31日结束的财政年度内,10 - 2019和Concho的季度报告形式的季度时间截至3月31日,2020年6月30日,2020年和2020年9月30日一些关于8-K表格的最新报告以及Concho向SEC提交的其他文件。

除法律规定外,康菲公司和康乔公司都没有承诺或承担更新任何前瞻性陈述的义务,无论是由于新信息或反映后续事件或情况或其他原因。请注意不要过分依赖这些前瞻性陈述,这些陈述仅在本协议签订之日生效。

关于合并的其他信息和在哪里找到它

与合并有关的是,在2020年11月18日,SEC向SEC提交了关于S-4的注册陈述,其中包括Conocophillips和Concho的初步联合代理陈述,也构成了康诺菲斯初步章程。康菲利普斯和科学院的每一个也打算将其他相关文件提交关于合并,包括最终的联合代理陈述/招股说明书。初步联合代理声明/招股说明书中的信息未完成,可能更改。本文件不是初步联合代理声明/招股说明书或注册声明的替代品或康诺菲利普斯或Concho可以提交秒的任何其他文件。最终的联合代理声明/招股说明书(如果和何时可用)将被邮寄给CONOCOPHILLIPS和CONCHO的股东。敦促投资者和担保持有人阅读注册声明,初步联合代理声明/招股说明书,即当它可以提供的任何其他有关文件以及任何其他相关文件,也可以提交任何其他相关文件,以及任何其他相关文件修正案或补充这些文件,仔细及其全部内容,因为它们包含或将包含有关合并的重要信息。投资者和担保持有人能够获得注册声明和初步联合代理声明/招股说明书的免费副本以及包含有关康诺菲斯,科咨机和合并的重要信息的所有其他文件,一旦这些文件提交了SEC,包括最终的联合代理声明/招股说明书,如果它可用,通过由SEC维护的网站http://www.sec.gov.康菲石油公司向美国证券交易委员会提交的文件副本可以在康菲石油公司的网站上免费获得//www.garage-suites.com或通过电子邮件联系康菲公司的投资者关系部investor.relations@conocophillips.com或致电281-293-5000。Concho向SEC提交的文件副本可以在Concho的投资者关系网站上免费获得,网址为https://ir.concho.com/investors/

征集参与者

ConocoPhillips, Concho和他们各自的董事和执行官员可能被认为参与了关于合并的委托书征集。康菲石油公司的董事和高管的信息,包括他们的直接或间接利益的描述,提出通过安全持有或否则,康菲石油公司的代理为其2020年年度股东大会声明,向美国证券交易委员会在3月30日,2020年,康菲石油公司于2020年2月18日向美国证券交易委员会提交了截至2019年12月31日财年的10-K年度报告,康菲石油公司于2020年5月20日和2020年9月8日分别向美国证券交易委员会提交了8- k年度报告。关于Concho的董事和高管的信息,包括对其直接或间接利益的描述,包括证券控股或其他形式的利益,已在Concho的2020年股东年会的委托书中列出,该委托书于2020年3月16日提交给美国证券交易委员会。以及Concho于2020年2月19日向SEC提交的截止2019年12月31日的10-K年度报告。投资者可通过阅读初步联合委托书/招股说明书(包括其任何修订),获取有关上述人士及其他可能被视为参与合并的人士的利益的补充信息。以及最终的联合委托书/招股说明书(如有),以及其他与合并有关的相关材料(如有)应向SEC提交。投资者在作出投票或投资决定前,应仔细阅读初步联合委托书/招股说明书,以及最终联合委托书/招股说明书(如有的话)。您可以从康菲公司或康卓公司获得这些文件的免费副本。