ExxonMobil: Cash Tender Offers for Outstanding 2030 1.900% Senior Notes and 2031 2.150% Senior Notes
ExxonMobil announced that its wholly owned subsidiary Pioneer Natural Resources has launched cash tender offers to purchase any and all of its outstanding $1.1 billion 1.900% Senior Notes due 2030 and $1.0 billion 2.150% Senior Notes due 2031, with all notes purchased to be cancelled. Pricing for each series is based on a fixed spread over the yield of the 4.375% Treasury due August 31, 2031 — 30 basis points for the 2030 notes and 35 basis points for the 2031 notes — plus accrued interest, and neither offer is conditioned on a minimum tender amount. The offers expire at 5:00 p.m.
Key figures
- Expiration
- 5:00 p.m. New York City time, September 14, 2026
- Settlement date
- September 16, 2026
- Reference security
- 4.375% UST due August 31, 2031
- Minimum denomination
- $1,000
- Notes 2030 outstanding
- $1,100,000,000
- Notes 2031 outstanding
- $1,000,000,000
- Fixed spread 2030 notes
- 30 bps
- Fixed spread 2031 notes
- 35 bps
- Aggregate max principal usd
- 2100000000
AI analysis
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