WPX Energy to pay down credit facility due 2016 via new notes offer

By Tali Rackner

Norfolk, Va., Sept. 3 – WPX Energy Inc. said it will use the proceeds from a new notes offering to repay borrowings under its credit facility due Nov. 1, 2016, according to a 424B5 filing with the Securities and Exchange Commission.

As of Tuesday, the company had $515 million outstanding under the facility.

WPX Energy is a Tulsa, Okla.-based natural gas and oil exploration and production company.

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