Hess Corporation Announces Notes Offering
NEW YORK -- June 19, 2014
Hess Corporation (NYSE:HES) announced today that it has agreed to sell $300
million of 3-year notes with a 1.30% coupon maturing on June 15, 2017 and $300
million of 10-year notes with a 3.50% coupon maturing on July 15, 2024 in a
registered public offering led by J.P. Morgan Securities LLC, Morgan Stanley &
Co. LLC, RBS Securities Inc., BNP Paribas Securities Corp. and Goldman, Sachs
Hess expects to use the net proceeds of the notes offering primarily to
refinance the repayment of its $250 million 7.00% notes due 2014 and retire
various lease obligations, as well as for working capital and other general
Hess Corporation is a leading global independent energy company engaged in the
exploration and production of crude oil and natural gas.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of any of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. The securities being offered have not been approved or
disapproved by any regulatory authority, nor has any such authority passed
upon the accuracy or adequacy of the prospectus supplement or the shelf
registration statement or prospectus.
Copies of the prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, may be obtained by contacting J.P. Morgan
Securities LLC at 212-834-4533, 383 Madison Avenue, New York, New York, 10179,
Attention: Investment Grade Syndicate Desk, 3rd Floor; or Morgan Stanley & Co.
LLC at 866-718-1649, 180 Varick Street, New York, New York 10014, Attention:
Prospectus Department; or RBS Securities Inc. at 866-884-2071, 600 Washington
Boulevard, Stamford, Connecticut 06901, Attention: Syndicate; or BNP Paribas
Securities Corp at 800-854-5674, 787 Seventh Avenue, New York, New York 10019,
Attention: Syndicate Desk; or Goldman, Sachs & Co. at 866-471-2526, 200 West
Street, New York, New York 10282, Attention: Prospectus Department.
For Hess Corporation
Jay Wilson, 212-536-8940
Sard Verbinnen & Co
Michael Henson/Patrick Scanlan
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