GlobeNewswire·Mar 5, 2026, 6:45 AM ET

Occidental Announces Early Tender Results and Upsize in Cash Tender Offers and Consent Solicitations for Certain of its Senior Notes and Debentures

Occidental increased the maximum aggregate principal amount of Notes it will accept for purchase from $700 million to $1.2 billion.
The maximum aggregate principal amount for the 0.000% 2036 Notes remains capped at $58 million.
As of the early tender time on March 4, 2026, Occidental accepted 100% of tenders for the 0.000% 2036 Notes 6.125% 2031 Notes 6.625% 2030 Notes (28.7% proration), while no tenders for the 7.200% 2029 Debentures or 7.950% 2029 Debentures were accepted.
Early settlement for accepted Notes validly tendered by the early tender deadline is scheduled for March 9, 2026.
The total consideration for accepted Notes will be determined using a fixed spread plus the yield of a reference U.S. Treasury security as quoted at 10:00 a.m. New York City time on March 5, 2026.
The Tender Offers and Consent Solicitations are set to expire at 5:00 p.m. New York City time on March 19, 2026.
Requisite consent for proposed indenture amendments was received for the 6.125% 2031 Notes, but not for the 6.625% 2030 Notes, 7.200% 2029 Debentures, or 7.950% 2029 Debentures.
Citigroup Global Markets Inc. serves as the sole Lead Dealer Manager, with J.P. Morgan Securities LLC, RBC Capital Markets LLC, TD Securities (USA) LLC, and Wells Fargo Securities LLC acting as Co-Dealer Managers.