Kerr-McGee Corp., founded in 1929 and headquartered in Oklahoma City, Oklahoma, is a diversified energy company focused on oil and gas exploration and production, as well as the development of renewable energy resources. The company primarily operates in the upstream sector, emphasizing its commitment to sustainable energy solutions while also providing key services in chemical manufacturing.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| APC 7.13% 2027-10-15 USDKerr-McGee Corp. | United States | 2027-10-15 | 7.125 | 5.39 |
| APC 7.88% 2031-09-15 USDKerr-McGee Corp. | United States | 2031-09-15 | 7.875 | 5.01 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Kerr-McGee began issuing bonds in the mid-1970s, with notable offerings including a $300 million senior note issuance in 2010 used to refinance existing debt and enhance liquidity. Currently, its bonds yield around 4.5%, aligning closely with industry averages, and feature covenants that provide investors with additional protection against credit risk. Recent news highlighted the company’s strategic focus on enhancing its balance sheet, indicating potential for future bond issuances to support growth initiatives or acquisitions in the renewable energy sector.