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Pioneer Announces Public Offering of Senior Notes; Jagged Peak Energy LLC Issues Conditional Notice of Full Redemption for Its 5.875% Senior Notes Due 2026
The proceeds of the Offering are expected to be used, as described more fully below, (i) to refinance certain senior notes issued by
The refinancing transactions include the redemption of all outstanding 5.375% Senior Notes due 2025 and 5.250% Senior Notes due 2025 of the Parsley Issuers on or about
In addition, on
An electronic copy of the preliminary prospectus supplement and accompanying base prospectus may also be obtained at no charge at the Securities and Exchange Commission’s website at www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Offering may be made only by means of a prospectus and prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The Offering will be made pursuant to an effective shelf registration statement, which was previously filed by Pioneer with the
Pioneer is a large independent oil and gas exploration and production company, headquartered in
Cautionary Statement Regarding Forward-Looking Information
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of commodity prices, product supply and demand, the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, global and
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