Expand Energy Corporation priced a $500 million bond offering Tuesday from its Spring headquarters, the first public debt sale since the natural gas giant relocated to the area in mid-2026.

The company, trading on the Nasdaq as EXE, set its registered address at 10000 Energy Drive in Spring after moving from Oklahoma City earlier this year. The offering marks another sign the company is settling into its new home as it taps capital markets from Texas rather than Oklahoma.

Expand Energy set the interest rate on the senior notes at 5.650%, with a 2031 maturity date, according to a company press release. The notes priced at 99.889% of face value, and the deal is expected to close Thursday.

The company said it plans to use the proceeds for general corporate purposes but did not specify further.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC served as joint book-running managers. The notes rank equally with Expand Energy's existing senior unsecured debt, according to an SEC filing cited by StockTitan.

Interim President and CEO Michael Wichterich said in February, when the relocation was announced, that the move would capitalize on Houston's role as a gateway to the global natural gas market — a framing that put Spring, part of the greater Houston area, at the center of the company's growth strategy.

Expand Energy describes itself as North America's largest natural gas producer. The company reported net production of about 7.44 billion cubic feet equivalent per day in the first quarter of 2026 and guided for about 7.5 billion cubic feet equivalent per day for the full year, according to its April earnings release.

The company employs approximately 1,600 people and holds drilling interests in Pennsylvania, Ohio, West Virginia, Louisiana and Texas, according to StockAnalysis.com. CFO Marcel Teunissen joined the company in April.

The offering was made under a shelf registration statement filed with the SEC on Nov. 20, 2024.