The announcement is “a bit surprising,” since Occidental had previously indicated that it had committed financing for the cash portion of the Anadarko deal, KeyBanc Capital Markets Inc. analyst Leo Mariani said in a note to clients. “This more permanent potential financing is being put in place rather quickly and is more expensive than we would have thought Oxy could have accessed.”

Source: Los Angeles Times April 30, 2019 14:26 UTC