Pioneer Natural Resources Announces Cash Tender Offer for up to $500 Million Aggregate Principal Amount of Certain of Its Outstanding Debt Securities - Seite 2

 

$

1,015.00

 

$

30.00

 

$

1,045.00

 

7.20% Senior
Notes due
2028

 

723787AB3 /
US723787AB37

 

$

250,000,000

 

3

 

$

1,105.00

 

$

30.00

 

$

1,135.00

___________________________
(1)	As of the date of the Offer to Purchase.
(2)	Holders will also receive accrued and unpaid interest from the applicable last interest payment with respect to the Notes accepted for purchase to, but not including, the Early Settlement Date (as defined below) or the Final Settlement Date (as defined below), as applicable.
(3)	Includes the Early Tender Premium.

The terms and conditions of the Tender Offers are described in an Offer to Purchase, dated May 11, 2020 (the “Offer to Purchase”). Pioneer intends to fund the Tender Offers, including accrued interest and fees and expenses payable in connection with the Tender Offers, with the net proceeds of its separately announced proposed private offering of convertible debt securities (the “Debt Financing”).

Holders of Notes that are validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on May 22, 2020 (such date and time, as it may be extended, the “Early Tender Date”) and accepted for purchase pursuant to the Tender Offers will receive the applicable Total Consideration set forth in the table above, which includes an early tender premium of $30.00 per $1,000 principal amount of the Notes accepted for purchase (the “Early Tender Premium”). Holders of Notes tendering their Notes after the Early Tender Date and prior to the Expiration Date will only be eligible to receive the applicable Tender Offer Consideration for such series of Notes set forth in the table above, which is the applicable Total Consideration minus the Early Tender Premium.