Pioneer Natural Resources Notifies Holders of 2.875% Convertible Senior Notes due 2038 of Reduced Interest Rate
DALLAS--(BUSINESS WIRE)-- Pioneer Natural Resources Company (PXD) (Pioneer or the Company) announced that, pursuant to the terms of the Companys 2.875% Convertible Senior Notes due 2038 (the Notes), the annual interest rate for the Notes has been reduced from 2.875% to 2.375% per annum for the six-month period from January 15, 2013 to July 14, 2013 due to the Notes having met certain trading price conditions.
This press release is for informational purposes only and is not an offer to purchase, or the solicitation of an offer to purchase, the Notes.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com.
Pioneer Natural Resources
Frank Hopkins, 972-969-4065
Eric Pregler, 972-969-5756
Josh Jones, 972-969-5822
Media and Public Affairs
Susan Spratlen, 972-969-4018
Suzanne Hicks, 972-969-4020
Source: Pioneer Natural Resources CompanyCopyright Business Wire 2013