News Releases

Baker Botts Represents Coterra Energy Inc. in Senior Unsecured Notes Offering


Deal description: Coterra Energy Inc. (“Coterra”) (NYSE: CTRA)announced that it has priced an offering of $500 million aggregate principal amount of senior unsecured notes due 2034, which will carry an interest rate of 5.60%. The offering is expected to close on March 13, 2024, subject to the satisfaction of customary closing conditions. This is Coterra’s first debt offering since transactions completed in connection with the merger of Cabot Oil & Gas Corporation and Cimarex Energy Co.

Coterra intends to use the net proceeds from the offering, together with cash on hand, to fund the repayment at, or prior to, maturity of the $575 million outstanding principal amount (and any other amounts due thereon) of its 3.67% Series L Senior Notes due September 18, 2024.

Baker Botts advised Coterra in this transaction.

Coterra’s press release can be found here.

Baker Botts Lawyers/Offices Involved:

Corporate: Clint Rancher (Partner, Houston), Eileen Boyce (Partner, Houston), Michael Mazidi (Associate, Houston), Sarah Dyer (Associate, Houston)

Tax: Derek Green (Partner, Houston), Jon Lobb (Partner, Houston) and Chad Sillman (Senior Associate, Houston)

Finance: Clint Culpepper (Partner, Austin) and Lyman Paden (Senior Counsel, Houston)

Environmental: Elizabeth Singleton (Special Counsel, Houston)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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