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Anadarko Details Financial Updates

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July 15, 2014

Anadarko Petroleum Corp. (NYSE: APC) detailed recent financial updates on July 15. It established a new credit facility, issued notes and sold units, the company said.

In a press release, Bob Gwin, executive vice president of finance and CFO, said “"we continue to enhance our liquidity, monetize asset value, and improve our financial flexibility."

He noted that a $3 billion, five-year unsecured credit facility was entered into. Also, a $2 billion, yearlong facility will replace the current $5 billion secured credit facility, he said.

Gwin said that Anadarko re-entered the ...

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