09:10 AM EST, 03/03/2025 (MT Newswires) -- Chord Energy ( CHRD ) said Monday it has started a cash tender offer to repurchase all $400 million of its outstanding 6.375% senior notes due 2026.

The consideration payable will be based on a fixed spread of 50 basis points over the US Treasury Reference Security, the 4.250% Treasury due May 31, 2025, the company said.

The offer will expire on March 10, unless extended or terminated by the company.

Chord Energy ( CHRD ) also said it also plans to offer $750 million of senior unsecured notes due 2033 in a private placement.

The company said it intends to use the net proceeds from the offering to finance its tender to redeem its 2026 notes and to repay a portion of its borrowings outstanding under its credit facility.