Halliburton to redeem $2.5 billion 2.7% notes, 3.375% notes on May 12

By Wendy Van Sickle

Columbus, Ohio, May 6 – Halliburton Co. set the redemption date for all $2.5 billion of its outstanding 2.7% senior notes due March 2020 and 3.375% senior notes due March 2022 for May 12, according to a press release.

The notes will be redeemed at 101% of par plus accrued interest to but excluding the redemption date.

As previously reported, the redemption is a result of the termination of the merger agreement between Halliburton and Baker Hughes Inc.

The company said it plans to use cash on hand to fund the special mandatory redemption.

Halliburton is a Houston-based diversified energy services company.

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