Anadarko closes $3B senior notes offering

Anadarko Petroleum Corp. (NYSE: APC) has closed its registered public offering of $3 billion aggregate principal amount of senior notes comprising $800 million 4.85% senior notes due 2021, $1.1 billion 5.55% senior notes due 2026, and $1.1 billion 6.60% senior notes due 2046.

The company intends to use the net proceeds from the offering, along with cash on hand, to retire its 5.95% senior notes prior to or at maturity in September 2016 and its 6.375% senior notes prior to or at maturity in September 2017.

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