WPX Energy Announces Final Results of Cash Tender Offers and Consent Solicitations

Jul 01, 2020

WPX Energy (NYSE: WPX) announced today the final results of its previously announced cash tender offers (the “Tender Offers”) to purchase up to $500 million aggregate purchase price (the “Aggregate Maximum Purchase Amount”) of its outstanding 8.25 percent Senior Notes due 2023 (the “2023 Notes”), 6.000 percent Senior Notes due 2022 (the “2022 Notes”) and 5.25 percent Senior Notes due 2024 (the “2024 Notes,” and together with the 2023 Notes and the 2022 Notes, the “Notes”) and the related solicitations of consents (the “Consent Solicitations”) from holders of 2023 Notes and 2022 Notes. WPX also announced that it is increasing the maximum amount of 2024 Notes that it will accept for purchase from an aggregate purchase price of $100 million of 2024 Notes to an aggregate principal amount of $175 million of 2024 Notes (the “2024 Notes Tender Cap”). Subject to the increase of the 2024 Notes Tender Cap and the amendments WPX previously announced in connection with the early results of the Tender Offers, the terms and conditions of the Tender Offers and the Consent Solicitations are described in the Offer to Purchase and Consent Solicitation Statement dated June 3, 2020 (the "Offer to Purchase and Consent Solicitation Statement"). Terms used but not defined herein have the meaning ascribed to them in the Offer to Purchase and Consent Solicitation Statement.

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