HOUSTON, March 29 /PRNewswire/ -- Conoco Inc. (NYSE: COC) today announced
the filing with the Securities and Exchange Commission of a prospectus
supplement under its currently effective shelf registration of senior debt
securities. Conoco said it expects to offer $3 billion in senior debt
securities, which will be marketed domestically and internationally. The
planned underwriting will be joint lead-managed by Credit Suisse First Boston
and Salomon Smith Barney.
The net proceeds from the offering will be used to repay a portion of
Conoco's debt owed to DuPont, which was incurred in connection with Conoco's
separation from DuPont.
This announcement does not constitute an offer to sell or the solicitation
of an offer to buy. An offering of these securities will be made only by
means of a prospectus. The prospectus shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful to registration or qualification under the securities laws of any
state.
A copy of the prospectus relating to the offering may be obtained by
contacting Credit Suisse First Boston, 11 Madison Avenue, New York, NY
10010-3682, 212-325-2580; or Salomon Smith Barney, 390 Greenwich Street, New
York, NY 10013, 212-723-6095.
Conoco is a major, integrated energy company based in Houston and active
in 40 countries.
SOURCE Conoco Inc.
-0- 03/29/99
/CONTACT: Sondra Fowler of Conoco Inc., 281-293-4595/
/Photo: newscom.com
or NewsCom, 213-237-5431/
/Web site: conoco.com
(COC)
CO: Conoco Inc.
ST: Texas
IN: OIL
SU: OFR
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