WPX Energy closes on $900 million in note offerings

WPX Energy in Tulsa announced Friday that it has closed its previously announced public offering of $900,000,000 million aggregate principal amount of 4.500% senior unsecured notes due 2030 at par.

The proceeds were deposited into an escrow account upon the closing of the offering. Upon release from escrow, WPX Energy intends to use the proceeds to finance a portion of the cash consideration of the previously announced acquisition of Felix Energy Holdings II, LLC and to pay related fees and expenses.

If for any reason the Felix acquisition is not consummated, the notes are subject to a special mandatory redemption.

Barclays Capital Inc. and Citigroup Global Markets Inc. acted as joint lead book-running managers for the notes offering.


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