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XTO buys $16.84 million 7.5%, 6.25% notes in change-of-control offers
By Jennifer Chiou
New York, Aug. 13 - XTO Energy Inc. announced that it accepted tenders for $3,105,000 of its 7.5% senior notes due 2012 along with $13.73 million of its 6.25% senior notes due 2013 in the completed change-of-control offers for the securities.
Exxon Mobil Corp. guarantees the notes.
As already reported, the offers were made under the note indentures, which require XTO to offer to purchase the securities upon a change of control. The merger by which XTO became a wholly owned subsidiary of Exxon Mobil was completed on June 25 and constituted a change of control under the indentures.
The offers expired at 5 p.m. ET on Aug. 6. They began on July 12.
The purchase price for both offers was 101% of par plus accrued interest up to the purchase date.
The withdrawal date was at 5 p.m. ET on Aug. 10.
The Bank of New York Mellon Trust Co., NA (212 815-5920) was the depositary.
Requests for assistance or additional copies of the offer may be directed to XTO at 800 299-2800 or 817 870-2800.
XTO is a Fort Worth-based energy firm.
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