Chevron Elects to Terminate Exchange Offer and Consent Solicitation
Retrieved on:
Monday, August 21, 2023
Oil, Gas, Public Relations, Investor Relations, Energy, Communications, Other Energy, Note, Petroleum, Failure, Accident, Marketing, Organization, Coronavirus, Debt-to-GDP ratio, COVID-19, Food and Drug Administration Amendments Act of 2007, Tax, Exchange, Risk, Carbon, Participation, Government, Old, Sale, Epidemic, Register, Pandemic, PDC, Corporation, CVX, Acquisition, Form, Weather, Security (finance), Chevron U.S.A., Inc. v. Natural Resources Defense Council, Inc., CUSA, Chevron Corporation, Curtailment (electricity), News, NYSE, Exchange offer, Legislation, Registration statement
Chevron and CUSA do not expect that a majority of the outstanding Old Notes will be tendered prior to the expiration date of the Exchange Offer and, as a result, have elected to terminate the Exchange Offer.
Key Points:
- Chevron and CUSA do not expect that a majority of the outstanding Old Notes will be tendered prior to the expiration date of the Exchange Offer and, as a result, have elected to terminate the Exchange Offer.
- The Exchange Offer was being made upon the terms and conditions set forth in the preliminary prospectus dated August 3, 2023, as amended by Amendment No.
- Since the Exchange Offer is being terminated, the total consideration will not be paid or become payable to holders of the Old Notes who have validly tendered (and not validly withdrawn) their Old Notes for exchange in the Exchange Offer, and the Old Notes validly tendered (and not validly withdrawn) for exchange pursuant to the Exchange Offer will be promptly returned to the tendering holders.
- King & Co., Inc. served as information and exchange agent for the now terminated Exchange Offer.