EXPAND ENERGY Corp (EXE) Form 8-K — Sep 15, 2026
Expand Energy Corporation priced a $500 million public offering of 5.650% senior notes due September 15, 2031 on September 15, 2026, at 99.889% of face value, with Citigroup and J.P. Morgan acting as joint book-running managers. The offering is expected to close on September 17, 2026, subject to customary closing conditions. The notes carry a 5.676% yield to maturity, priced at a spread of 85 basis points over the benchmark Treasury, and were rated Baa3 (Moody's), BBB- (S&P), and BBB (Fitch), all with stable outlooks.
Key figures
- Debt Amount
- 500000000
- Interest Rate
- 5.650% coupon; 5.676% yield to maturity
- Maturity Date
- September 15, 2031
- Ratings
- Moody's Baa3 (Stable); S&P BBB- (Stable); Fitch BBB (Stable)
- Trustee
- Regions Bank
- Trade date
- 2026-09-15
- Make whole call
- Treasury rate plus 15 basis points prior to August 15, 2031; par thereafter
- Price to public
- 99.889% of principal amount
- Settlement date
- 2026-09-17 (T+2)
- Use of proceeds
- general corporate purposes, in connection with the Twin Eagle merger
- Benchmark treasury
- UST 4.375% due August 31, 2031
- Interest payment dates
- March 15 and September 15, commencing March 15, 2027
- Underwriter purchase price
- 99.289% of principal amount
- Spread to benchmark treasury
- +85 bps
AI analysis
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