Cameron prices $500M of unsecured senior notes

Cameron

Cameron (NYSE: CAM) has priced a public offering of $250 million aggregate principal amount of 1.40% senior notes due 2017 and $250 million aggregate principal amount of 3.70% senior notes due 2024. The sale of the senior notes should settle on June 20.

Cameron intends to use a portion of the net proceeds from the offering to redeem all of its 1.60% senior notes due April 30, 2015, and to use the remaining amount for general corporate purposes.

Credit Suisse Securities (USA) LLC, JP Morgan Securities LLC, Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA) Inc., and RBS Securities Inc. are acting as joint book-running managers for the senior notes offering. In addition, Barclays Capital Inc., Standard Chartered Bank, DNB Markets Inc., Morgan Stanley & Co. LLC, BBVA Securities Inc., UniCredit Capital Markets LLC, and Wells Fargo Securities LLC are acting as co-managers. 

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...