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Pioneer Natural Resources to repay some bank debt with convertibles proceeds
By Sara Rosenberg
New York, Jan. 14 - Pioneer Natural Resources Co. plans to repay a portion of the amount outstanding under its credit facility using proceeds from a $400 million convertible senior notes offering, according to a 424B5 filed with the Securities and Exchange Commission Monday.
As of Jan. 11, there was $1.1 billion of outstanding borrowings under the credit facility.
Pioneer is an Irving, Texas-based explorer and producer of oil and gas.
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