Devon Announces Expiration and Final Results of its Private Exchange Offers and Consent Solicitations

Devon Energy Corporation announced the final results of its exchange offers for Coterra Energy's outstanding notes. The company successfully exchanged approximately $2.98 billion in aggregate principal amount of Existing Coterra Notes for new Devon Notes and cash, with settlement expected on June 25, 2026. The exchange offers achieved strong participation rates across all note series, ranging from 65.76% to 97.89%.