Occidental Petroleum $3 billion financing

21/2/2018

Financing

Value:

$ 3 billion

Status:

Completed

Date:

21/2/2018

Overview:

Occidental Petroleum has received $3 billion in financing.
The arrangement is due 2023.
JP Morgan Chase Bank acted as arranger on the financing.
The borrower is a developer, producer and market agent of crude oil and natural gas.
Proceeds will be used for repayment of existing debt and general corporate purposes.

Katrin Kostadinova - Data analyst

Jurisdiction:

United States

Deal type:

Financing

Practice area:

Banking

Governing law:

United States

Industry sector:

Oil and gas

Firm:

Cravath Swaine & Moore

Party: JP Morgan Chase (Arranger)

Lawyer: Tatiana Lapushchik

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