Item 8.01 Other Events.
On January 9, 2009, Devon Energy Corporation ("Devon") completed an underwritten
public offering of $500 million aggregate principal amount of 5.625% senior
notes due January 15, 2014 (the "2014 Notes") and $700 million aggregate
principal amount of 6.30% senior notes due January 15, 2019 (the "2019 Notes"
and, together with the 2014 Notes, the "Notes"). The Notes are governed by the
terms of an Indenture, dated as of March 1, 2002, between Devon and The Bank of
New York Mellon Trust Company, N.A. (as successor to The Bank of New York), as
trustee (the "Indenture"), as supplemented by a Supplemental Indenture No. 3,
dated as of January 9, 2009. The Notes are unsubordinated and unsecured
obligations of the Company. Substantially all of the net proceeds from the
offering will be used to repay Devon's outstanding commercial paper and the
remainder for general corporate purposes.
In connection with the issuance and sale of the Notes, Devon entered into an
Underwriting Agreement, dated as of January 6, 2009, with Banc of America
Securities LLC, J.P. Morgan Securities Inc. and UBS Securities LLC, as
representatives of the several underwriters named therein, which is filed as
Exhibit 1.1 hereto.
The Notes have been registered under the Securities Act of 1933 (the "Act")
pursuant to a Registration Statement on Form S-3 (No. 333-156025) (the
"Registration Statement") previously filed with the Securities and Exchange
Commission by Devon under the Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Devon hereby files the following exhibits to, and incorporates such exhibits by
reference in, the Registration Statement which was filed on December 9, 2008 and
supplemented by the Prospectus Supplement dated January 6, 2009 which was filed
on January 7, 2009:
Exhibit No. Description
Exhibit 1.1 Underwriting Agreement, dated as of January 6, 2009, among Devon
Energy Corporation and Banc of America Securities LLC, J.P. Morgan
Securities Inc. and UBS Securities LLC, as representatives of the
several Underwriters named therein
Exhibit 4.1 Supplemental Indenture No. 3, dated as of January 9, 2009, to
Indenture, dated as of March 1, 2002, between Devon Energy
Corporation and The Bank of New York Mellon Trust Company, N.A. (as
successor to The Bank of New York), as trustee (including the forms
of 2014 Notes and 2019 Notes)
Exhibit 5.1 Opinion of Mayer Brown LLP, as to the validity of the Notes
Exhibit 23.1 Consent of Mayer Brown LLP (contained in Exhibit 5.1 hereto)
|