Filed Pursuant to Rule 433
Registration No. 333-185655
Free Writing Prospectus Dated March 12, 2015
EOG Resources, Inc.
Pricing Term Sheet
$500,000,000 3.15% Senior Notes due 2025
$500,000,000 3.90% Senior Notes due 2035
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Issuer: |
EOG Resources, Inc.
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Ratings*: |
Moody’s: A3 (stable outlook) S&P: A- (positive outlook)
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Trade Date: |
March 12, 2015
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Settlement Date: |
March 17, 2015 (T+3)
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Interest Payment Dates: |
April 1 and October 1, commencing on October 1, 2015
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Senior Notes due 2025 |
Senior Notes due 2035
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Principal Amount: |
$500,000,000
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$500,000,000 |
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Maturity Date: |
April 1, 2025
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April 1, 2035 |
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Coupon: |
3.15%
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3.90% |
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Benchmark Treasury: |
2.000% due February 15, 2025
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3.000% due November 15, 2044 |
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Benchmark Treasury Yield: |
2.100%
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2.681% |
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Spread to Benchmark Treasury: |
+105 bps
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+125 bps |
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Yield to Maturity: |
3.150%
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3.931% |
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Price to Public: |
99.999% of Principal Amount
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99.571% of Principal Amount |
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Optional Redemption:
Make-whole call: |
At any time prior to January 1, 2025, at the greater of (i) 100% or (ii) a discount rate of Treasury plus 20 basis points |
At any time prior to October 1, 2034 at the greater of (i) 100% or (ii) a discount rate of Treasury plus 20 basis points |
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Par Call: |
At any time on or after January 1, 2025 |
At any time on or after October 1, 2034 |
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CUSIP/ISIN: |
26875P AM3 / US26875PAM32
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26875P AN1 / US26875PAN15 |
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Joint Book-Running Managers: |
Barclays Capital Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC UBS Securities LLC |
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Wells Fargo Securities, LLC DNB Markets, Inc. Goldman, Sachs & Co. Mitsubishi UFJ Securities (USA), Inc. RBC Capital Markets, LLC SG Americas Securities, LLC U.S. Bancorp Investments, Inc. |
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Co-Managers: |
BB&T Capital Markets, a division of BB&T Securities, LLC BBVA Securities Inc. BMO Capital Markets Corp. BNP Paribas Securities Corp. Comerica Securities, Inc. Deutsche Bank Securities Inc. Scotia Capital (USA) Inc. ANZ Securities, Inc. CIBC World Markets Corp. |
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* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and any other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. at (888) 603-5847, Citigroup Global Markets Inc. at (800) 831-9146, J.P. Morgan Securities LLC at (212) 834-4533, UBS Securities LLC at (888) 827-7675, or Wells Fargo Securities, LLC at (800) 645-3751.