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ANADARKO ANNOUNCES NOTES OFFERING TO REFINANCE DEBT

 HOUSTON, March 17 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced the offering of $100 million principal amount of 6-3/4 notes due 2003. The notes were priced at a spread of approximately 75 basis points above the 10-year treasury note rate to yield 6.815 percent.
 Kidder, Peabody & Co. Incorporated and the First Boston Corporation are underwriters and co-managers.
 Net proceeds from the offering will be used to refinance a portion of the debt related to the acquisition of properties from Atlantic Richfield Company (ARCO) in December 1992, which was funded using non- committed lines of credit and commercial paper.
 -0- 3/17/93
 /CONTACT: A. Paul Taylor Jr. of Anadarko Petroleum Corporation, 713-875-1101/
 (APC)


CO: Anadarko Petroleum Corporation ST: Texas IN: OIL SU: OFR

LD -- NY092 -- 7192 03/17/93 17:25 EST
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Publication:PR Newswire
Date:Mar 17, 1993
Words:135
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