ExxonMobil issues tender offers for $2.7B in outstanding debt of new subsidiary XTO Energy
By APMonday, July 19, 2010
ExxonMobil offers to buy XTO Energy debt of $2.7B
IRVING, Texas — ExxonMobil Corp. on Monday said it is offering to buy up to $2.7 billion in outstanding debt securities issued by its new subsidiary, XTO Energy Inc.
The oil giant bought the natural gas company last month for $30 billion.
Included in the offer are 6.1 percent senior notes due April 1, 2036 totaling $591 million; 6.75 percent senior notes to Aug. 1, 2037 totaling $1.4 billion; and 6.375 percent senior notes due June 15, 2038 totaling $704 million.
The offers expire July 25.
Barclays Capital and JPMorgan Securities are serving as dealer managers for the offers.
ExxonMobil shares closed up 47 cents at $58.43.
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