WPX Energy announced the early results and early settlement and the amendment of certain terms of its previously announced cash tender offers to purchase up to $450 million aggregate principal amount of its outstanding 6.000% Senior Notes due 2022 and 8.250% Senior Notes due 2023.
According to information received from Global Bondholder Services Corporation, the Depositary and Information Agent for the Tender Offers, as of 5:00 p.m., New York City time, on Sept. 23, 2019 , $455.5 million aggregate principal amount of the 2022 Notes and $220.7 million aggregate principal amount of the 2023 Notes were validly tendered and not validly withdrawn pursuant to the Tender Offers.
In addition, WPX has increased the aggregate maximum tender amount of the Notes to be accepted for purchase from $450 million to $550 million. All other terms of the Tender Offers, as previously announced, remain unchanged. The terms and conditions of the Tender Offers are described in the Offer to Purchase, dated Sept. 10, 2019, which was previously distributed to holders of the Notes.
WPX expects to accept for purchase all validly tendered 2022 Notes and $94.5 million aggregate principal amount of the 2023 Notes validly tendered . Because the aggregate amount of 2022 Notes and 2023 Notes validly tendered at or prior to the Early Tender Date exceeded the Aggregate Maximum Tender Amount, 2023 Notes validly tendered at or prior to the Early Tender Date will be accepted on a pro rata basis, subject to a proration factor of approximately 43%; no Notes tendered after the Early Tender Date will be accepted for purchase.
Holders of the Purchased Notes will receive total consideration of $1,067.50 per $1,000.00 principal amount of 2022 Notes accepted for purchase and $1,140.00 per $1,000.00 principal amount of 2023 Notes accepted for purchase, which amount includes the early tender premium of $50.00 per $1,000 principal amount of 2022 Notes and 2023 Notes.
Holders of the Purchased Notes will also receive accrued and unpaid interest from the last interest payment with respect to their Purchased Notes to, but not including, Sept. 24, 2019, the early settlement date for the Tender Offers.