Hess $1.475 billion secondary offering

4/2/2016

Share offer

Value:

$ 1.475 billion

Status:

Completed

Date:

4/2/2016

Overview:

Hess Corporation, an energy company, offered 25,000,000 shares of common stock, worth $975 million.
Concurrently, the company offered 10,000,000 depository shares worth $500 million.
Each depository share is worth 1/20th stake in a share of Hess Corporation’s 8.00% Series A mandatory convertible preferred stock.
Goldman Sachs acted as book-running manager.

Rani Mehta - Journalist

Jurisdiction:

United States

Deal type:

Share offer

Practice area:

Capital markets : Equity

Industry sector:

Energy

Firms:

Davis Polk & Wardwell

Party: Consortium of underwriters (Underwriter)

Lawyers: Mark Mendez, Michael Kaplan

White & Case

Party: Hess (Issuer)

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