ConocoPhillips exchanges Offers和Concho Resources Inc.。开始同意请求

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休斯顿-康菲石油(NYSE: COP)今日宣布,与Concho Resources Inc.(“Concho”)的预期收购有关。ConocoPhillips已开始向符合条件的持有人提供交换要约(每个“交换要约”和集体,“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。

下表列出了每个系列现有Concho票据的兑换价和总兑换价:

现有Concho Notes系列名称/ CUSIP编号 到期日 总校长未付清金额 交换的考虑(1) 总交换考虑(2)
3.750%高级笔记到期2027 / 20605PAH4 2027年10月1日 1000000000美元 970美元的新康博利亚金额3.750%注意到2027年 新康菲石油公司2027年到期的3.750%票据本金1,000美元,现金1.00美元
4.300%到期的高级票据2028 / 20605PAK7  8月15日,2028年 1000000000美元 2028年到期的新康菲石油债券本金为970美元 新康菲石油公司2028年到期的4.300%债券本金1,000美元,现金1.00美元
2.400%高级票据到期2031 / 20605PAM3 2031年2月15日 500000000美元 2031年到期的新康菲石油公司债券本金970美元 新康菲公司2031年到期的2.400%债券本金1,000美元,现金1.00美元
4.875%高级票据2047 / 20605PAJ0 2047年10月1日 800000000美元 新康菲石油公司2047年到期的4.875%票据本金为970美元 新康菲石油公司2047年到期的4.875%票据本金1,000美元,现金1.00美元
4.850%的高级笔记2048 / 20605PAL5到期  8月15日,2048年 600000000美元 970美元的新孔削金额为2048年4.850%备注 新康菲公司2048年到期4.850%的票据本金1000美元,现金为1.00美元

(1)对于在早期投标日期之后的每一笔1000美元的现有Concho票据(如本文所定义),但在到期日或之前,未撤销并接受交换。

(2)对于在早期投标日期(如本协议所定义)或之前有效投标,但未被有效撤回并接受兑换的每1,000美元现钞本金。

与Exchange Offers一起,Concho正在征求同意(各为“Consent Solicitation”,合称“Consent Solicitation”),以采纳对管理现有Concho Notes的每个契约的某些拟议修正案,以消除某些契约、限制性条款、违约事件,以及要求Concho的某些子公司在未来从此类契约中提供担保。

交易所要约和同意征集是根据2020年12月7日的要约备忘录和同意征集声明(“要约备忘录和同意征集声明”)中规定的条款和条件进行的。

每次交换要约和同意要约都以其他交换要约和同意要约的完成为条件,尽管康菲石油可以在任何时候就交换要约放弃该条件。康菲石油对交换要约条件的任何放弃将自动放弃相应的同意征求条件。

此外,ConocoPhillips、Falcon Merger Sub Corp、ConocoPhillips、ConocoPhillips、Falcon Merger Sub Corp、ConocoPhillips、Falcon Merger Sub Corp、ConocoPhillips、Falcon Merger Sub Corp、ConocoPhillips的全资子公司(“合并子公司”)和Concho,根据该合并子公司将与Concho合并并成为Concho(“合并”),Concho在合并后作为康菲的全资子公司继续存在。

根据适用法律,康菲石油可自行决定修改或终止交易所要约,并可延长与交易所要约有关的早期投标日期(如本协议所定义)、到期日(如本协议所定义)和/或结算日期。康菲石油的任何此类修改、终止或延长将自动修改、终止或延长相应的同意征求(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,所有已接受的现有Concho票据。结算日期将在到期日之后,预计在到期日之后的两个工作日内。

与交易要约和同意征求相关的文件将仅分发给现有Concho票据的合格持有人,并证明他们是(a) 1933年《证券法》(“证券法”)规则144A中定义的“合格机构买家”,或(b)不在“美国”的人,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,为“相关人士”(定义见发行备忘录和同意征集声明),且(iv)不在加拿大。有关交换要约及同意征集的完整条款及条件载于发售备忘录及同意征集声明,可联络全球债券持有人服务公司索取该备忘录及同意征集声明的副本。与交易要约和同意征求有关的交易代理和信息代理,电话:(866)470-3800(美国免费)或(212)430-3774(银行和经纪商)或Contact@gbsc-usa.com.资格形式可用:https://gbsc-usa.com/eligibility/conocophillips.

本新闻稿不构成对任何担保的出售或购买要约,或出售或购买要约的征求,或招标或同意的征求。不得在任何司法管辖区作出任何要约、招揽或买卖,在该等要约、招揽或买卖属非法。交换要约及同意征集仅依据要约备忘录及同意征集声明进行,且仅针对适用法律所允许的个人及司法管辖区。

新ConocoPhillips Notes没有也不会根据证券法或任何州证券法进行注册。因此,在没有注册或不符合《证券法》和任何适用的州证券法的注册要求的适用豁免的情况下,新康菲公司不得在美国提供或销售。

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关于Conocophillips.

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日的9个月内,除利比亚外的平均产量为11.8亿桶boe,截至2019年12月31日,已探明储量为5.3亿桶boe。欲了解更多信息,请参见www.garage-suites.com

联系人

媒体关系
John Roper.
281-293-1451
media@conocophillips.com.

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

1995年私人证券诉讼改革法案“安全港”条款的警示声明

除历史事实以外的所有声明可能前瞻性的联邦证券法界定的前瞻性陈述。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Concho向SEC提交的关于表格8-K的某些当前报告和其他文件。

除非法律要求,康菲石油和Concho均不承担或承担任何义务更新任何前瞻性陈述,无论是由于新的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之日起生效。

关于合并的附加信息和在哪里找到它

康菲石油于2020年11月18日向美国证券交易委员会提交了一份注册声明(Form S-4),其中包括康菲石油和Concho的初步联合委托书,以及康菲石油的初步招股说明书。康菲石油和康乔还打算就合并向美国证券交易委员会提交其他相关文件,包括明确的联合委托书/招股说明书。初步联合委托书/招股说明书内的资料不完整,可能会更改。本文档并不能代替初步联合签署的委托书/招股说明书或登记声明或任何其他文档,康菲石油公司或Concho可能与SEC文件。的联合签署的委托书/招股说明书(如果可用)将康菲和Concho寄给股东。敦促投资者和证券持有人阅读注册声明,初步联合签署的委托书/招股说明书,明确联合签署的委托书/招股说明书如果它可用和任何其他相关文件,可能向美国证券交易委员会(SEC),以及任何修改或补充这些文件,因为它们包含或将包含关于合并的重要信息。投资者和证券持有人可以免费获得注册声明、初步联合委托书/招股说明书以及包含康菲石油、康乔和合并的重要信息的所有其他文件的副本,一旦这些文件向美国证券交易委员会提交,包括最终的联合委托书/招股说明书(如有),可通过美国证券交易委员会的网站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在康菲石油公司的网站上免费获得,网址是://www.garage-suites.com或通过电子邮件联系康菲石油的投资者关系部门Investor.relations@conocophillips.com.或通过电话在281-293-5000。Concho通过Concho的投资者关系网站免费提供与SEC提交的文件的副本https://ir.concho.com/investors/

参与征集活动的人士

康菲石油、康乔及其各自的董事和行政管理人员可被视为参与有关合并的代理邀请。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SEC提交的截至2019年12月31日的财政年度10-K表格,以及康菲石油公司于2020年5月20日和2020年9月8日向SEC提交的8- k表格。关于Concho董事和高管的信息,包括通过证券持股或其他方式对其直接或间接利益的描述,载于2020年3月16日提交给SEC的Concho 2020年年度股东大会委托书中。以及Concho截至2019年12月31日财年的10-K表格年度报告,该报告于2020年2月19日提交给SEC。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),获得有关上述人士和其他可能被视为合并参与者的利益的额外信息,以及最终的联合委托书/招股说明书(如有),以及与合并有关的其他相关材料(如有)提交SEC。投资者在作出任何投票或投资决定前,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)。您可以使用上述来源从康菲石油公司或康乔公司获得这些文件的免费副本。