Occidental Petroleum Corporation has announced the offering of multiple series of senior notes with varying maturity dates and interest rates. The company has filed with the SEC and will issue the senior notes under an indenture agreement with The Bank of New York Mellon Trust Company, N.A. as trustee. The senior notes will be unsecured and rank equally with Occidental's other unsecured and unsubordinated debt. The offering includes provisions for redemption, interest payment, and the rights upon liquidation, with specific terms to be detailed in subsequent prospectus supplements. The proceeds from the sale of the senior notes are intended for general corporate purposes, which may include debt repayment or refinancing, acquisitions, and capital expenditures. The senior notes will...Show More

Occidental Petroleum Corporation has announced the offering of multiple series of senior notes with varying maturity dates and interest rates. The company has filed with the SEC and will issue the senior notes under an indenture agreement with The Bank of New York Mellon Trust Company, N.A. as trustee. The senior notes will be unsecured and rank equally with Occidental's other unsecured and unsubordinated debt. The offering includes provisions for redemption, interest payment, and the rights upon liquidation, with specific terms to be detailed in subsequent prospectus supplements. The proceeds from the sale of the senior notes are intended for general corporate purposes, which may include debt repayment or refinancing, acquisitions, and capital expenditures. The senior notes will be offered through a group of underwriters and dealers, with the possibility of direct sales or through agents. The offering's joint book-running managers include BofA Securities, J.P. Morgan, MUFG, and others, with additional firms acting as senior co-managers and co-managers. The sale of the senior notes is subject to market conditions and other factors.