XTO Energy (Exxon subsidiary) redeeming $626.5M of senior notes Sept. 27

The redemption removes long‑dated XTO note obligations (2036, 2037, 2038) once cash payment plus make‑whole and accrued interest is made; Exxon’s 8‑K from Aug. 28 disclosed the plan.

In this brief: 2 sections 1 min read

- — $174.435 million of 6.10% senior notes due 2036.
- — $252.384 million of 6.75% senior notes due 2037.
- — $199.725 million of 6.375% senior notes due 2038.
- — Redemption repurchases outstanding notes at 100% of principal plus make‑whole and accrued interest through Sept. 27.
- — MarketReview cites ExxonMobil’s Aug. 28 Form 8‑K as the disclosure vehicle for the planned redemption.
- — Once paid, the three series will cease to accrue interest and will be removed from XTO’s debt obligations on Exxon’s balance sheet.
- — The filing did not state the final cash payment because the make‑whole amount is variable.

Read full analysis on marketreview.com

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