LNG player raises funds

Written by  John McKay
Wednesday, 16 March 2016
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March 16 (LNGJ) - Anadarko Petroleum Corp., the developer of the Mozambique LNG export plant in southeast Africa, is the latest company to raise more funds to weather the slump in energy prices. It is offering $3 billion in senior notes comprised of $800 million in notes due in 2021 with interest of 4.85 percent, $1.1Bln due in 2026 with 5.55 percent in interest and $1.1Bln for 2046 with a rate of 6.60 percent. Anadarko expects to close the offering on March 17. Joint book-running managers include Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Mizuho Securities, Deutsche Bank Securities and J.P. Morgan.

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