Halliburton to Issue $1 Billion of Senior Notes
HOUSTON, Nov 09, 2011 (BUSINESS WIRE) -- Halliburton (NYSE: HAL) announced today the pricing of an offering of $1 billion in an aggregate principal amount of senior notes. The notes are being issued in two tranches - $500 million of 10-year notes bearing interest at a fixed rate of 3.25% per year and maturing on November 15, 2021, and $500 million of 30-year notes bearing interest at a fixed rate of 4.50% per year and maturing on November 15, 2041. The offering is expected to close on November 14, 2011.
The proceeds of this offering will be used for general corporate purposes. This includes the support of Halliburton's acquisition program in which $800 million has been disbursed since the end of the third quarter of 2011 to support key growth objectives.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 64,000 employees in approximately 80 countries, the company serves the upstream oil and gas industry throughout the lifecycle of the reservoir - from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. Visit the company's website at http://www.halliburton.com.
SOURCE: Halliburton
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