Devon Energy Completes $2.95 Billion Debt Exchange for Coterra Notes Post-Merger
DVN sits 35% above its 52-week low of $31.45.
Summary
Devon Energy completed a $2.95 billion debt exchange, converting Coterra Energy's notes into new Devon Energy senior notes as part of the post-merger integration.
Key Events · Financing and Capital Events · DVN
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Debt Exchange Completion
Devon Energy completed the settlement of previously announced private offers to exchange approximately $2.95 billion in outstanding Coterra Energy notes for new Devon Energy senior notes.
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New Debt Issuance
Devon Energy issued new senior notes across five series, totaling $2,946,336,000, with maturities ranging from 2027 to 2055 and interest rates from 3.90% to 5.90%.
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Post-Merger Integration
This debt exchange is a direct consequence of the merger with Coterra Energy, which was completed on May 7, 2026, consolidating the combined entity's financial obligations.
Analysis · DVN · Energy & Transportation
Devon Energy has finalized the integration of Coterra Energy's outstanding debt into its own capital structure following their recent merger. This transaction involves exchanging approximately $2.95 billion of Coterra's senior notes for new Devon Energy notes, a significant but expected step in consolidating the combined entity's financial obligations.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DVN was trading at $42.60 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $49.1B. The 52-week trading range was $31.45 to $52.71. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.