Amerada Hess Corporation Announces Repurchase of $443 Million Of Outstanding Debt
December 03 2003 - 12:49PM
PR Newswire (US)
Amerada Hess Corporation Announces Repurchase of $443 Million Of
Outstanding Debt NEW YORK, Dec. 3 /PRNewswire-FirstCall/ -- Amerada
Hess Corporation announced today the repurchase of $443 million in
principal amount of its outstanding debt. This amount includes $145
million in principal amount of three series of its outstanding
notes repurchased on December 2, 2003 and $298 million in principal
amount of a fourth series of notes that it will repurchase on
December 5, 2003, all in connection with the offer to purchase it
announced on November 17, 2003. On December 2, 2003 Amerada Hess
repurchased $81.8 million in principal amount of its 5.30% Notes
due August 15, 2004, $23.4 million in principal amount of its 9.25%
Notes due April 15, 2005 and $39.9 million in principal amount of
its 8.875% Notes due October 1, 2007. On December 5, 2003 Amerada
Hess will repurchase all $298.3 million in principal amount of its
5.90% Notes tendered before 5:00 p.m., New York City time, on the
Early Tender Date of December 2, 2003. Amerada Hess' offer to
purchase 5.90% Notes is made on the terms and subject to the
conditions described in the Offer to Purchase dated November 17,
2003 and the related Letter of Transmittal, and will remain open
until 5:00 p.m., New York City time, December 16, 2003. Amerada
Hess, headquartered in New York, is a global integrated energy
company engaged in the exploration for and the production,
purchase, transportation and sale of crude oil and natural gas, as
well as the production and sale of refined petroleum products.
Goldman, Sachs & Co. is acting as dealer manager. Questions
concerning the terms of the tender offer for 5.90% Notes may be
directed to Goldman, Sachs & Co. at (800) 828-3182 (toll free)
or (212) 902-4419 (collect). Questions concerning the procedures
for tendering 5.90% Notes or requests for the Offer to Purchase
documents may be directed to D.F. King & Co., Inc., the
Information Agent and Tender Agent, at (800) 848-3416. This press
release does not constitute a tender offer to purchase or a
solicitation of acceptance of the tender offer, which may be made
only pursuant to the terms of the Offer to Purchase and related
Letter of Transmittal. In any jurisdiction where the laws require
the tender offer to be made by a licensed broker or dealer, the
tender offer shall be deemed made on behalf of Amerada Hess by
Goldman, Sachs & Co. or one or more registered brokers or
dealers under the laws of such jurisdiction. Contact: Amerada Hess
Corporation Jay Wilson 212-536-8940 DATASOURCE: Amerada Hess
Corporation CONTACT: Jay Wilson of Amerada Hess Corporation,
+1-212-536-8940
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