New Issue-Concho Resources sells $600 mln in notes

Dec 9 (BestGrowthStock) – Concho Resources Inc (CXO.N: ) on Thursday
sold $600 million of senior notes, said IFR, a Thomson Reuters
service.

The size of the deal was increased from an originally
planned $350 million.

JP Morgan, Bank of America Merrill Lynch, Credit Agricole
and Wells Fargo were the joint bookrunning managers for the
sale.
BORROWER: CONCHO RESOURCES INC
AMT $600 MLN COUPON 7.00 PCT MATURITY 1/15/2021
TYPE SR NTS ISS PRICE 100 FIRST PAY 7/15/2011
MOODY’S B3 YIELD 7.00 PCT SETTLEMENT 12/14/2010
S&P DOUBLE-B SPREAD 378 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YRS*
*MAKE-WHOLE CALL 50 BPS

New Issue-Concho Resources sells $600 mln in notes