XTO investors tender $1.98 billion of nine series of debt securities

By Devika Patel

Knoxville, Tenn., Dec. 17 - XTO Energy Inc. announced investors tendered, and the company accepted, $1.982 billion of debt securities as part of a tender offer for $3.83 billion of the securities.

The offer launched on Dec. 9 and expired at 5 p.m. ET on Dec. 16.

The amount of securities accepted in the offers along with their payouts per $1,000 principal amount and spreads are as follows:

• $162,729,000 of the $346,895,000 of 7.5% senior notes due 2012, $1,086.24, 27 basis points;

• $332,616,000 of the $550 million of 5.9% senior notes due 2012, $1,083.43, 4 bps;

• $211,195,000 of the $386.27 million of 6.25% senior notes due 2013, $1,112.58, 27 bps;

• $260,004,000 of the $400 million of 4.625% senior notes due 2013, $1,084.38, 13 bps;

• $177,614,000 of the $500 million of 5.75% senior notes due 2013, $1,126.28, 37.5 bps;

• $252,673,000 of the $500 million of 4.9% senior notes due 2014, $1,100.38, negative 50 bps;

• $219,428,000 of the$348 million of 5% senior notes due 2015, $1,118.42, negative 10 bps;

• $166,034,000 of the $400 million of 5.3% senior notes due 2015, $1,135.86, 5 bps; and

• $199,401,000 of the $400 million of 5.65% senior notes due 2016, $1,158.28, 35 bps.

The purchase price for each note was determined using a fixed spread over the yield to maturity of a reference Treasury as of 2 p.m. ET on Dec. 16. Holders will also receive accrued interest up to but excluding the settlement date.

The 0.5% Treasury due Nov. 30, 2012 was the reference Treasury for the first five notes, and the 1.375% Treasury due Nov. 30, 2015 was the reference Treasury for the remainder.

Barclays Capital Inc. (800 438-3242 or 212 528-7581) and J.P. Morgan Securities LLC (866 834-4666 or 212 834-4811) were the dealer managers. Global Bondholder Services Corp. (866 952-2200 or 212 430-3774) was the information agent.

XTO is a Fort Worth-based energy firm and a subsidiary of Exxon Mobil Corp.

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