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Anadarko Announces Increase In Maximum Tender Amount And Early Tender Results Of Its Tender Offer For Its 6.375% Senior Notes Due 2017

HOUSTON, April 22, 2016 /PRNewswire/ -- Anadarko Petroleum Corporation APC, +5.04% ("Anadarko") announced today that it has amended the terms of its previously announced tender offer to purchase for cash its outstanding 6.375% Senior Notes due 2017 (the "Notes") to increase the aggregate principal amount of Notes that may be purchased to $1,250,000,000 from $1,000,000,000 (as so amended, the "Maximum Tender Amount"). All other terms of the tender offer, as previously announced, remain unchanged. Anadarko also announced the early tender results of the tender offer. The tender offer is being made upon, and is subject to, the terms and conditions set forth in the Offer to Purchase, dated April 8, 2016 (the "Offer to Purchase"), and the related Letter of Transmittal.

The table below identifies the principal amount of Notes validly tendered prior to 5:00 p.m., New York City time, on April 21, 2016 (such date and time, the "Early Tender Date"). Anadarko has accepted for purchase only the Maximum Tender Amount of the principal amount of the Notes validly tendered prior to the Early Tender Date. Anadarko has elected to make payment for the Notes it has accepted for purchase on April 25, 2016 (the "Early Settlement Date").

Title of Security


CUSIP Number


Principal Amount Outstanding


Maximum Tender Amount


Principal Amount Tendered


Principal Amount Accepted

6.375% Senior Notes due 2017


032511BH9


$2.0 billion


$1.25 billion


$1.43 billion


$1.25 billion

Holders of Notes that were validly tendered prior to the Early Tender Date and accepted for purchase will receive the Total Consideration, which includes an early tender premium of $30.00 per $1,000 principal amount of the Notes (the "Early Tender Premium"), plus accrued and unpaid interest up to, but not...


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