WPX Energy
Description
Priced public offering of 5.25% senior notes due 2024 at 98.5% of par. Notes will be a single class with the $500 million of outstanding notes of same amount previously issued. Net proceeds will be used, possibly with senior secured credit facility borrowings, to fund cash tender offers for purchase of outstanding 7.500% senior notes due 2020; 8.250% senior notes due 2023 and 6.000% senior notes due 2022. Excess will support general corporate purposes. Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Goldman Sachs & Co. LLC, J.P. Morgan, MUFG and RBC Capital Markets are joint book-running managers.