EOG Resources Inc. sold $3.5 billion of bonds Monday to help fund its planned $5.6 billion purchase of fellow shale-energy producer Encino Acquisition Partners.
The longest portion of the four-part debt offering, a 30-year note, yields 1 percentage point more than Treasuries, according to a person familiar with the situation who asked not to be identified as they’re not authorized to speak publicly. Initial price talk was for a spread of about 1.35 percentage points.
EOG in May unveiled the deal to buy Encino from the Canada Pension Plan Investment Board and Encino Energy, saying funding would come from ...
