Investors

Printer Friendly Version  View printer-friendly version
<< Back
Pioneer Announces Redemption of Notes

DALLAS, Oct 03, 2021 (BUSINESS WIRE) -- Pioneer Natural Resources Company (NYSE:PXD) announced that today it has redeemed for cash all of its outstanding 9-5/8% Senior Notes due 2010 and 7.50% Senior Notes due 2012 (the "Notes"). The cash payment to redeem the Notes included the make-whole premium, which was determined on September 28, 2005, plus accrued and unpaid interest to, but not including, October 3, 2005. In total, Pioneer paid $34.6 million in connection with the redemption of the Notes.

Associated with the redemption of the Notes and the recently completed debt tender offer for the Company's 5.875% Senior Notes due 2012, the Company will recognize a pre-tax charge of approximately $14 million in its reported third quarter of 2005 results.

Pioneer is a large independent oil and gas exploration and production company with operations in the United States, Argentina, Canada and Africa. Pioneer's headquarters are in Dallas, Texas. For more information, visit Pioneer's website at www.pioneernrc.com.

SOURCE: Pioneer Natural Resources Company

Pioneer Natural Resources Company, Dallas
Investors 
Frank Hopkins or Chris Paulsen, 972-444-9001
or
Media and Public Affairs   
Susan Spratlen, 972-444-9001

Copyright West LLC. Minimum 15 minutes delayed.

Copyright © 2012 MarketWatch, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. All quotes are in local exchange time. Intraday data provided by Comstock, a division of Interactive Data Corp. and subject to terms of use. Historical, current end-of-day data, and splits data provided by FT Interactive Data.