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In accordance with the terms of the Tender Offer, the withdrawal
The table below sets forth the aggregate principal amount of each series of Notes that was validly tendered and not validly withdrawn on or prior to the Early Tender Date.
|Principal Amount||Principal Amount|
|Title of Security||
Acceptance Priority Level
|6.000% Senior Notes due 2018(1)||055482 AJ2||1||$250,000,000||$53,127,000|
|7.500% Senior Notes due 2018||057224 AY3||1||$750,000,000||$224,622,000|
|8.550% Debentures due 2024(1)||957674 AD6||2||$150,000,000||$37,056,000|
|6.875% Notes due 2029||057224 AK3||3||$400,000,000||$94,212,000|
|5.125% Senior Notes due 2040||057224 AZ0||4||$1,500,000,000||$354,343,000|
|3.200% Senior Notes due 2021||057224 BC0||5||$750,000,000||$331,404,000|
(1) The 2018 6.000% Notes were issued by Western Atlas Inc., a subsidiary of the Company, as ultimate successor to BJ Services Company, and are fully and unconditionally guaranteed by the Company. The 2024 Notes were issued by Western Atlas Inc.
The principal amount of each series of Notes listed in the table above
ultimately accepted for purchase will be determined in accordance with
the Maximum Tender Amount and the Acceptance Priority Levels set forth
in the table above, as described in the Tender Offer Documents. In
addition, because the combined aggregate principal amount of validly
tendered Notes exceeded the Maximum Tender Amount, the Notes will be
purchased subject to proration as described in the Tender Offer
Documents. As a result, a holder who validly tendered Notes pursuant to
the Tender Offer may have all or a portion of its Notes returned to it.
The early settlement date for the Notes accepted for purchase by the
Company in connection with the Early Tender Date is currently expected
Holders of Notes accepted for purchase by the Company are eligible to
receive the Total Consideration (as defined in the Tender Offer
Documents), which includes an early tender premium of
Although the Tender Offer is scheduled to expire at midnight,
In addition to the Total Consideration, all holders of Notes accepted for purchase will also receive accrued and unpaid interest, rounded to the nearest cent, on the principal amount of such Notes from the last applicable interest payment date up to, but not including, the settlement date.
The Company has retained
This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Tender Offer is being made only pursuant to the Tender Offer Documents and only in such jurisdictions as is permitted under applicable law.
About the Company
Note on Forward-Looking Statements
Certain statements in this press release, including those describing the
completion of the Tender Offer, constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, (each a “forward-looking statement”). The words “anticipate,”
“believe,” “ensure,” “expect,” “if,” “intend,” “estimate,” “project,”
“foresee,” “forecasts,” “predict,” “outlook,” “aim,” “will,” “could,”
“should,” “potential,” “would,” “may,” “probable,” “likely,” and similar
expressions, and the negative thereof, are intended to identify
forward-looking statements. There are many risks and uncertainties that
could cause actual results to differ materially from our forward-looking
statements. These forward-looking statements are also affected by the
risk factors described in the Company’s Annual Report on Form 10-K/A for
the year ended