Davis Polk advised the joint book-running managers on an SEC-registered offering by Hess Corporation of $1 billion principal amount of 4.30% notes due 2027 and $500 million principal amount of 5.80% notes due 2047. The proceeds will be used primarily for the repurchase of Hess’s 8.125% notes due 2019, 7.875% notes due 2029, 7.300% notes due 2031 and 7.125% notes due 2033 that are tendered pursuant to an offer to purchase dated September 19, 2016, and to finance the redemption of Hess’s 1.300% notes due 2017, as well as for working capital and other general corporate purposes.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.

The Davis Polk corporate team included partners Deanna L. Kirkpatrick and Shane Tintle and associates Ferrell Maguire Keel and Skawenniio Barnes. Partner John D. Paton and associate Peter Benesch provided tax advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post