FORT WORTH, Texas, Aug. 21 /PRNewswire-FirstCall/ -- XTO Energy Inc. today announced that it has priced an additional $250 million principal amount of 5.90% Senior Notes due August 1, 2012, $300 million principal amount of 6.25% Senior Notes due August 1, 2017 and $450 million principal amount of 6.75% Senior Notes due August 1, 2037. The 5.90% notes were priced at 101.450% of par to yield 5.558% to maturity. The 6.25% notes were priced at 101.482% of par to yield 6.048% to maturity. The 6.75% notes were priced at 100.179% of par to yield 6.735% to maturity. The offering is expected to close on August 24, 2007, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to pay down outstanding commercial paper borrowings.
The offering was made under the Company's effective shelf registration statement and constitutes a further issuance of the $1.25 billion of Senior Notes issued on July 19, 2007. The offering was underwritten by joint book-running managers Lehman Brothers and Banc of America Securities LLC; co-managers included Deutsche Bank Securities, Jefferies & Company, Raymond James & Associates, RBS Greenwich Capital, SunTrust Robinson Humphrey and Wachovia Securities. Copies of the prospectus supplement regarding the notes can be obtained by calling Lehman Brothers toll-free at 1-888-603-5847 or Banc of America Securities LLC toll-free at 1-800-294-1322. An electronic copy of the prospectus supplement will be available on the website of the Securities and Exchange Commission at http://www.sec.gov/.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of the state.
XTO Energy Inc. is a domestic natural gas producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States. Its properties are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Louisiana, Mississippi and Montana.
This release can be found at http://www.xtoenergy.com/.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include estimates and give our current expectations or forecasts of future events. Although we believe our forward-looking statements are reasonable, they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Further information on risks and uncertainties is available in the Company's filings with the Securities and Exchange Commission, which are incorporated by this reference as though fully set forth herein.
