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Pioneer calls Parsley notes due 2025, Jagged Peak notes due 2026
By Taylor Fox
New York, Jan. 14 – Pioneer Natural Resources Co. plans to redeem all outstanding 5.375% senior notes due 2025 and 5.25% senior notes due 2025 issued by Parsley Energy, LLC, according to a news release.
The notes will be redeemed Jan. 29 for a redemption price of $1.13 billion.
In addition, Pioneer expects to redeem all outstanding 5.875% senior notes due 2026 issued by Jagged Peak Energy LLC on Jan. 29 at a make-whole redemption price totaling $515.8 million.
The redemptions are subject to a financing condition, which is expected to be satisfied upon completion of a public offering of senior notes due 2024, 2026 and 2031.
Pioneer Natural Resources is a Dallas-based oil and gas exploration and production company.
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