WPX Energy,Inc. (NYSE:WPX) Files An 8-K Other EventsItem 8.01 Other Events.
On August8, 2017, WPX Energy,Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC as representative of the several underwriters named therein with respect to the offering and sale in an underwritten public offering (the “Offering”) by the Company of $150,000,000 aggregate principal amount of its 5.25% Senior Notes due 2024 (the “Notes”). The Notes will constitute an additional issuance of the Company’s 5.25% Senior Notes due 2024, $500 million aggregate principal amount of which were issued on September8, 2014. The Underwriting Agreement is filed as Exhibit1.1 hereto.
The Offering is expected to close on August22, 2017. The Company intends to use the net proceeds from the Offering, together with borrowings under the Company’s senior secured credit facility, to fund the Company’s previously announced cash tender offers for up to $150 million aggregate principal amount of its outstanding 7.500% Senior Notes due 2020, 8.250% Senior Notes due 2023 and 6.000% Senior Notes due 2022. $150 million of 7.500% Senior Notes due 2020 is expected to be purchased in the tender offers on August 22, 2017. The Offering was made to the Company’s shelf registration statement on FormS-3 (File No.333-198523) (the “Registration Statement”). A legal opinion of Gibson, Dunn& Crutcher LLP relating to the Registration Statement is filed herewith as Exhibit5.1.
Item 8.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
Description |
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1.1 |
Underwriting Agreement, dated August8, 2017, by and between WPX Energy,Inc. and Wells Fargo Securities, LLC as representative of the several underwriters. |
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4.1 |
Formof 5.25% Senior Note due 2024. |
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5.1 |
Opinion of Gibson, Dunn& Crutcher LLP. |
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23.1 |
Consent of Gibson, Dunn& Crutcher LLP (included in its opinion filed as Exhibit5.1). |