February 2, 2005 |
(Date of Report - Date of earliest event reported) |
KERR-McGEE CORPORATION |
(Exact name of registrant as specified in its charter) |
Delaware |
1-16619 |
73-1612389 | ||
(State of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
Kerr-McGee Center |
||
Oklahoma City, Oklahoma |
73125 | |
(Address of principal executive offices) |
(Zip Code) |
(405) 270-1313 |
(Registrant's telephone number) |
|
Item 8.01 |
Other Events | |
On February 2, 2005, Kerr-McGee Corporation (the Company) announced that it is calling for redemption on March 4, 2005 (the Redemption Date) all of its $600,000,000 aggregate principal amount of 5.25% Convertible Subordinated Debentures due 2010 (the Debentures). Holders of the debentures may convert the debentures into shares of Kerr-McGee Corporation common stock at a conversion price of $61.0763 per share at any time prior to the close of business on March 2, 2005. The agent for the redemption and/or conversion is Citibank, N.A.
In accordance with the terms of the Debentures the Company will pay to the holders of the Debentures the redemption price of 102.625% of the principal amount of each Debenture, plus interest accrued and unpaid to, but excluding, the Redemption Date.
The Company expects to redeem the Debentures using a combination of proceeds from short-term borrowings under its $1.5 billion revolving credit facility, together with proceeds from a long-term debt offering, if necessary. | ||
SIGNATURES | ||
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. |
KERR-MCGEE CORPORATION | ||
By: |
(John M. Rauh) | |
John M. Rauh | ||
Vice President and Controller | ||
Dated: February 2, 2005 |