Fort Worth, Texas-based XTO Energy Inc., a subsidiary of Exxon Mobil Corp., Irving, Texas, (NYSE: XOM) has accepted for purchase all of the securities which were validly tendered and not validly withdrawn prior to the expiration of of its cash tender offers on Nov. 17, representing a total aggregate principal amount of approximately $1.244 billion.
The redemption consisted of US$280.6 million of 6.25% senior notes due 2017, US$401.8 million of 5.5% senior notes due 2018 and US$561.723 million of 6.5% senior notes due 2018.
XTO funded the purchase of the securities with available cash on hand and inter-company borrowings from its parent company ExxonMobil. Barclays Capital Inc. and J.P. Morgan Securities LLC were dealer managers.
ExxonMobil is the largest publicly traded international oil and gas company in the world.
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