Newfield Exploration calls all $325 million of 6 5/8% notes due 2014

By Ashley Montgomery

Kansas City, Kan., April 2 - Newfield Exploration Co. will redeem all $325 million outstanding of its 6 5/8% senior subordinated notes due September 2014, the company said in a news release.

The notes will be redeemed April 30 at 101.1042 plus accrued interest.

The company said it would draw on its credit facility to fund the redemption.

U.S. Bank NA is the trustee.

Newfield is a crude oil and natural gas exploration and production company based in the Woodlands, Texas.

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