10:19 AM EDT, 09/05/2024 (MT Newswires) -- Shell (SHEL) said Thursday it has launched an offer to exchange up to a maximum total principal amount of $10 billion of 12 series of notes issued by its Shell International Finance unit.

The company is carrying out the exchange process to shift the current old notes to Shell Finance US from Shell International Finance to streamline its capital structure, Shell said.

The notes to be exchanged are $3 billion 4.375% notes due 2045, $1.75 billion 2.750% notes due 2030, $1.50 billion 4.125% notes due 2035, $1.25 billion 4.550% notes due 2043, $2.25 billion 4.000% notes due 2046, $1.50 billion 2.375% notes due 2029, $2 billion 3.250% notes due 2050, $1.25 billion 3.750% notes due 2046, $1.25 billion 3.125% notes due 2049, $1 billion 3.000% notes due 2051, $1.75 billion 2.875% notes due 2026, and $1 billion 2.500% notes due 2026, Shell said.

The exchange offers will expire on Oct. 3.

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