Chevron to Redeem Texaco Capital Bond on March 1, 2013
SAN RAMON, Calif. -- January 24, 2013
Chevron Corporation (NYSE: CVX) announced that the indenture trustee of the
“Texaco Capital Inc. 7.5% Guaranteed Debentures Due 2043” with face value of
$83.72 million has been notified that the bond will be redeemed on March 1,
2013, as per the terms of the Prospectus Supplement dated March 4, 1993.
Chevron is the Guarantor of the debenture and is required to give 30-60 days
notification to the indenture trustee prior to the redemption. The terms of
the redemption are the face value plus a 2.717% premium and accrued interest.
Chevron stated the redemption is due to high associated coupon payments, and
the transaction will be financed using existing cash.
Chevron is one of the world's leading integrated energy companies, with
subsidiaries that conduct business worldwide. The company is involved in
virtually every facet of the energy industry. Chevron explores for, produces
and transports crude oil and natural gas; refines, markets and distributes
transportation fuels and lubricants; manufactures and sells petrochemical
products; generates power and produces geothermal energy; provides energy
efficiency solutions; and develops the energy resources of the future,
including biofuels. Chevron is based in San Ramon, California. More
information about Chevron is available at www.chevron.com.
Morgan Crinklaw, +1 925-790-6908
Press spacebar to pause and continue. Press esc to stop.