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 ...