ExxonMobil said its wholly owned subsidiary Pioneer Natural Resources expects to purchase about $1.19B of outstanding senior notes for cash through two tender offers. The offers cover $1.1B of 1.900% senior notes due 2030 and $1B of 2.150% senior notes due 2031, with holders tendering $570.36M of the 2030 notes and $615.6M of the 2031 notes, which the company expects to accept for purchase. The total consideration is $888.49 per $1K principal amount for the 2030 notes and $885.66 per $1K for the 2031 notes, and holders will also receive accrued and unpaid interest through the settlement date. ExxonMobil expects to complete the purchases on September 16, when interest will stop accruing and the purchased notes will be cancelled.
Exxon Mobil CorpExxonMobil's Pioneer unit is retiring $1.19B of senior notes via cash tender offers, reducing debt.
Pioneer expects to purchase about $1.19B of its outstanding senior notes for cash through two tender offers.
