XTO Energy holders tender $1.24 billion of three note series in offer

By Susanna Moon

Chicago, Nov. 18 - XTO Energy Inc. said investors had tendered $1.24 billion of three series of its outstanding notes as of 5 p.m. ET on Nov. 17, the expiration date for the offers.

Holders tendered $280,599,000 of the 6.25% senior notes due Aug. 1, 2017, $401,838,000 of the 5.5% senior notes due June 15, 2018 and $561,723,000 of 6.5% senior notes due Dec. 15, 2018.

For each $1,000 principal amount, the company paid $1,225.35 for the 6.25% notes, $1,189.13 for the 5.5% notes and $1,264.07 for the 6.5% notes. Holders also received accrued interest.

XTO said it funded the purchase of the notes with cash on hand and inter-company borrowings from its parent Exxon Mobil Corp.

Barclays Capital Inc. and J.P. Morgan Securities LLC were the dealer managers. Global Bondholder Services Corp. was the information agent and the depositary.

XTO is a Fort Worth-based energy firm.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.