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March 5, 2008
Anadarko Enters $1.3B Credit Facility

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Anadarko Petroleum Corp., Houston, (NYSE: APC) is powdering up with a new $1.3-billion five-year committed revolving credit facility, replacing the unused $750-million facility that was to mature in August 2009.


The new facility is expandable to $2 billion.


Anadarko senior vice president and chief financial officer Al Walker, “The new bank facility is an important component of our capital structure. The facility contains pricing and terms that are attractive relative to our prior facility, and its size and expandability provide us with substantial financial flexibility going forward.”


J.P. Morgan Securities Inc. was arranger.

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