WPX Energy plans to price $500 million 10-year bullet Wednesday

By Paul A. Harris

Portland, Ore., Sept. 3 – WPX Energy, Inc. plans to price a $500 million offering of non-callable 10-year senior notes (expected ratings Ba1/BB+) on Wednesday following an investor conference call set to take place at 11:30 a.m. ET.

Wells Fargo Securities LLC is the left bookrunner for the public offering. Citigroup Global Markets Inc., RBS Securities Inc., BofA Merrill Lynch, Barclays and J.P. Morgan Securities LLC are the joint bookrunners.

Credit Agricole CIB, Scotia Capital and RBC Capital Markets are the joint lead managers.

BBVA, BOSC, Credit Suisse Securities (USA) LLC, MUFG, Mizuho Securities, SMBC Nikko and U.S. Bancorp Investments Inc. are the co-managers.

The Tulsa, Okla.-based natural gas and oil exploration and production company plans to use the proceeds to repay bank debt and for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.