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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