WPX Energy $1 billion 7.5% and 8.25% notes issues

22/7/2015

Acquisition finance, Investment grade bond/note issue

Value:

$ 1 billion

Status:

Completed

Date:

22/7/2015

Overview:

WPX Energy has made a $1 billion notes offering.
The offering consisted of $500 million 7.5% notes due 2020 and $500 million 8.25% notes due 2023.
The proceeds will be partially used to finance WPX's acquisition of RKI Exploration & Production.
The underwriters included Barclays Capital, BofA Merrill Lynch and Wells Fargo Securities.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal types:

Acquisition finance
Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Oil and gas

Firms:

Simpson Thacher & Bartlett

Party: Barclays Capital (Underwriter)

Party: BofA Merrill Lynch (Underwriter)

Party: Wells Fargo Securities (Underwriter)

Weil Gotshal & Manges

Party: WPX Energy (Issuer)

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