•  
BACK SEND PRINT-

WPX Energy
WPX Energy Commences Tender Offers for Senior Notes due 2020, 2023 and 2022



Aug 9, 2017

WPX Energy (NYSE: WPX) announced that it has commenced cash tender offers (the "Tender Offers") to purchase up to $150,000,000 aggregate principal amount (as it may be increased by WPX, the "Aggregate Maximum Tender Amount") of its outstanding 7.500% Senior Notes due 2020, 8.250% Senior Notes due 2023 and 6.000% Senior Notes due 2022 (collectively, the "Notes").

The terms and conditions of the Tender Offers are described in an Offer to Purchase, dated Aug. 8, 2017 (the "Offer to Purchase"). WPX reserves the right, but is under no obligation, to increase the Aggregate Maximum Tender Amount or the Tender Caps (as defined below) without extending withdrawal rights, except as otherwise required by applicable law. The amounts of each series of Notes to be purchased may be prorated as set forth in the Offer to Purchase. The Company intends to fund the Tender Offers with the net proceeds of the Company's proposed offering of debt securities (the "Debt Financing"), together with, if required, borrowings under its senior secured revolving credit facility.

Click here to read the full press release.

For more information:

Organization:
WPX Energy
www.wpxenergy.com


Link http://electricenergyonline.com/detail_news.php?ID=649894
BACK SEND PRINT
Most consulted news