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Devon Energy Reports Strong Early Tender Results for Senior Notes

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Devon Energy (DVN) reported Monday that between 66% and 98% of notes across seven bond series were tendered early.

Almost 98% of 5.90% senior notes due 2055 were tendered, with about $733.3 million of the $750 million of outstanding principal being tendered early, followed by 93% of 5.60% senior notes due 2034, the company said.

Aside from the early tender of nearly 66% of senior notes issued by Coterra Energy Operating, the remaining series were tendered early by no less than 85%, the company said.

Shares of Devon Energy were up 2% pre-bell.

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