08:02 AM EDT, 09/16/2025 (MT Newswires) -- Chord Energy ( CHRD ) said Tuesday it will offer $500 million in senior unsecured notes due 2030 through a private placement to eligible purchasers.

Chord Energy ( CHRD ) will use the proceeds to finance part of Chord's pending acquisition of oil and gas assets in the Williston Basin from XTO Energy, as well as costs and fees linked to the offering.

If the Williston Basin assets acquisition does not close by June 30, 2026, which may be extended until Sept. 30, 2026, the notes will be subject to a "special mandatory redemption" at 100% or 101% of principal, plus interest, depending on the redemption trigger date.

The company late Monday said it entered into an agreement to buy the assets in the Williston Basin for $550 million. With the deal, Chord acquires an 86% operating working interest in Williston core.