Chevron to Redeem Texaco Capital Bond on March 1, 2013

Chevron to Redeem Texaco Capital Bond on March 1, 2013

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYS: CVX) announced that the indenture trustee of the "Texaco Capital Inc. 7.5% Guaranteed Debentures Due 2043" with face value of $83.72 million has been notified that the bond will be redeemed on March 1, 2013, as per the terms of the Prospectus Supplement dated March 4, 1993. Chevron is the Guarantor of the debenture and is required to give 30-60 days notification to the indenture trustee prior to the redemption. The terms of the redemption are the face value plus a 2.717% premium and accrued interest.

Chevron stated the redemption is due to high associated coupon payments, and the transaction will be financed using existing cash.


Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, California. More information about Chevron is available at www.chevron.com.



Chevron Corporation
Morgan Crinklaw, +1 925-790-6908

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Chevron to Redeem Texaco Capital Bond on March 1, 2013 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Introduction to ETFs

The basics of Exchange Traded Funds and why ETFs are hot.

View Course »

Income Investing

Grow your nest-egg.

View Course »

Add a Comment

*0 / 3000 Character Maximum