Devon Energy issues new senior notes in Coterra debt exchange settlement
On June 25, 2026, Devon Energy completed the settlement of private exchange offers for certain Coterra Energy notes, issuing five series of new Devon senior notes in exchange and for cash. The new notes are unsecured obligations of Devon maturing from 2027 to 2055, and the filing says Devon also agreed to register the exchange notes, with additional interest of up to 1.0% if that is not completed within 450 days.
Key points
- On June 25, 2026, Devon issued five series of new senior notes, maturing from May 15, 2027 to February 15, 2055.
- The New Devon 2027 Notes total $627,099,000 at 3.90%, and the New Devon 2055 Notes total $734,180,000 at 5.90%.
- Devon agreed to file a registration statement for an exchange offer; additional interest of up to 1.0% applies if exchange offers are not completed within 450 days of settlement.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.