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WPX Energy Announces Expiration and Final Results of Tender Offer for 2017 Senior Notes

TULSA, Okla., Apr 29, 2016 (BUSINESS WIRE) -- WPX Energy WPX, +0.84% announced today that its previously announced cash tender offer (the “Offer”) to purchase any and all of its outstanding 5.250 percent Senior Notes due 2017 (the “Notes”) expired at 5 p.m., New York City time, on April 29, 2016 (the “Expiration Time”).

At the Expiration Time, $93 million aggregate principal amount – or approximately 31 percent – of outstanding Notes had been validly tendered and accepted. This amount includes $6 million aggregate principal amount of outstanding Notes tendered pursuant to guaranteed delivery procedures described in the Offer to Purchase relating to the Offer, which remain subject to the Note holders’ performance of the delivery requirements under such procedures.

As previously announced, the total purchase price offered for each $1,000 principal amount of Notes that were validly...