WPX Energy Inc. - 2015-07-17

Closed concurrent public offerings of 30 million common shares priced at $10 each; 7 million 6.25% Series A mandatory convertible preferred shares priced at $50 each; $500 million of 7.50% senior unsecured notes due 2020; and $500 million of 8.25% notes due 2023. Net proceeds will help finance the acquisition of RKI Exploration & Production LLC. Proceeds can also be used to support working capital. Notes also can be subject to mandatory redemption. Barclays Capital Inc., Tudor, Pickering, Holt & Co. Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch and Wells Fargo Securities LLC were joint book-running managers for the common stock offering. Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch, Wells Fargo Securities LLC and BNP Paribas Securities Corp. were joint book-running managers for the convertible shares offering. Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch, Wells Fargo Securities LLC, Credit Agricole Securities (USA) Inc. and Scotia Capital (USA) Inc. were joint book-running managers for the notes offering.