FORT WORTH, Texas, April 15 /PRNewswire-FirstCall/ -- XTO Energy Inc. today announced that it has priced $400 million principal amount of 4.625% Senior Notes due June 15, 2013, $800 million principal amount of 5.5% Senior Notes due June 15, 2018 and $800 million principal amount of 6.375% Senior Notes due June 15, 2038. The 4.625% notes were priced at 99.888% of par to yield 4.651% to maturity. The 5.5% notes were priced at 99.539% of par to yield 5.561% to maturity. The 6.375% notes were priced at 99.864% of par to yield 6.386% to maturity. The offering is expected to close on April 18, 2008, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to fund its pending property acquisitions, to pay down commercial paper and for general corporate purposes, including future acquisitions.
The offering was made under the Company's effective shelf registration statement. The offering was underwritten by joint book-running managers Lehman Brothers, Citi and Merrill Lynch & Co.; co-managers include Banc of America Securities LLC, Barclays Capital, BNP PARIBAS, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Jefferies & Company, JPMorgan, Morgan Stanley, RBS Greenwich Capital, SunTrust Robinson Humphrey, UBS Investment Bank, Wachovia Securities, BBVA Securities, BMO Capital Markets, BNY Capital Markets, Inc., Comerica Securities, Fortis Securities LLC, Lazard Capital Markets, Natixis Bleichroeder Inc., Piper Jaffray and Wells Fargo Securities. Copies of the prospectus supplement regarding the notes can be obtained by calling Lehman Brothers toll-free at 1-888-603-5847, Citi toll-free at 1-877-858-5407 or Merrill Lynch & Co. toll-free at 1-866-500-5408. 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 jurisdiction 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.
