Issuer:
|
Newfield Exploration Company | |
Security Description:
|
Senior Unsecured Notes | |
Format:
|
SEC Registered | |
Expected Ratings: (Moodys / S&P / Fitch)*
|
Ba1 / BBB- / BB+ | |
Expected Outlooks: (Moodys / S&P / Fitch)*
|
Stable / Stable / Positive | |
Principal Amount:
|
$750,000,000 | |
Net Proceeds to Issuer (before expenses):
|
$743,107,500 | |
Pricing Date:
|
September 27, 2011 | |
Settlement Date (T+3):
|
September 30, 2011 | |
Maturity Date:
|
January 30, 2022 | |
Benchmark Treasury:
|
UST 2.125% due August 15, 2021 | |
Benchmark Yield / Price:
|
2.009% / 101-01 | |
Spread to Benchmark Treasury:
|
+374 bps | |
Yield to Maturity:
|
5.75% | |
Coupon:
|
5.75% | |
Public Offering Price:
|
99.956% of principal amount | |
Interest Payment Dates:
|
January 30 and July 30, beginning on July 30, 2012 | |
Optional Redemption:
|
Make whole call T+50 bps | |
CUSIP / ISIN:
|
651290AP3 / US651290AP34 | |
Joint Book-Running Managers:
|
J.P. Morgan Securities LLC Wells Fargo Securities, LLC |
|
Co-Managers:
|
Banco Bilbao Vizcaya Argentaria, S.A. DnB NOR Markets, Inc. Goldman, Sachs & Co. Mitsubishi UFJ Securities (USA), Inc. Tudor, Pickering, Holt & Co. Barclays Capital Inc. CIBC World Markets Corp. Citigroup Global Markets Inc. Mizuho Securities USA Inc. U.S. Bancorp Investments, Inc. |
* | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |