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Actionable news in APC: ANADARKO PETROLEUM Corp,

Entry into a Material Definitive

On January 19, 2016, Anadarko Petroleum Corporation (Anadarko) entered into a 364-day revolving credit agreement (the Credit Agreement) among Anadarko, as borrower, JPMorgan Chase Bank, N.A., as the administrative agent, Wells Fargo Bank, National Association, as syndication agent, Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank, N.A., and Mizuho Bank, Ltd., as co-documentation agents, and the additional lenders party thereto, providing for a 364-day senior unsecured revolving credit. The aggregate commitments of the lenders under the Credit Agreement are $2.0 billion.

The Credit Agreement replaces Anadarkos 364-day senior unsecured revolving credit agreement, (as amended, the Prior Agreement) dated as of June 17, 2014 and available on January 23, 2015, among A nadarko, as borrower, JPMorgan Chase Bank, N.A., as the administrative agent, Wells Fargo Bank, National Association, as syndication agent, Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank, N.A., and Mizuho Bank, Ltd., as co-documentation agents, and the additional lenders party thereto, which was scheduled to mature on January 22, 2016. Anadarko will not incur any termination penalties in connection with the replacement of the Prior Agreement. The Credit Agreement will mature on January 18, 2017 and has substantially similar terms and conditions as the Prior Agreement.

Borrowings under the Credit Agreement generally will bear interest under one of two rate options at either the London Interbank Offered Rate or an alternate base rate, at Anadarkos election, in each case plus an applicable margin. This applicable margin will vary depending...


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