ExxonMobil unit to redeem $252M 6.75% notes
ExxonMobil Holdings Corporation (XOM), through its wholly owned subsidiary XTO Energy Inc., is fully redeeming three outstanding XTO senior note issues.
Rhea-AI Filing Summary
ExxonMobil Holdings Corporation (XOM), through its wholly owned subsidiary XTO Energy Inc., is fully redeeming three outstanding XTO senior note issues. XTO has called for redemption of its 6.10% Senior Notes due 2036, 6.75% Senior Notes due 2037, and 6.375% Senior Notes due 2038.
On September 27, 2026, all then-outstanding notes will be repurchased for cash at 100% of principal plus a defined Make-Whole Amount and accrued and unpaid interest to the redemption date. After that date, interest on the redeemed notes will cease to accrue, assuming payment is made.
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Filing Explained
As of August 28, XTO reported $174,435,000, $252,384,000, and $199,725,000 outstanding across the three note issues.
The filing identifies outstanding principal of
The attached exhibits are the redemption notices; the 8-K states that it is not itself a redemption notice, so the disclosure records the process at the notice stage rather than payment completion.
Holders must surrender certificated notes or submit book-entry notes through The Depository Trust Company to collect payment, and must provide valid tax certification before payment to avoid applicable withholding.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Outstanding principal 6.10% Senior Notes due 2036: $174,435,000
Outstanding principal 6.75% Senior Notes due 2037: $252,384,000
Outstanding principal 6.375% Senior Notes due 2038: $199,725,000
+5 more
8 metrics
Outstanding principal 6.10% Senior Notes due 2036
$174,435,000
Aggregate principal amount outstanding as of the 2036 Notes redemption notice date
Outstanding principal 6.75% Senior Notes due 2037
$252,384,000
Aggregate principal amount outstanding as of the 2037 Notes redemption notice date
Outstanding principal 6.375% Senior Notes due 2038
$199,725,000
Aggregate principal amount outstanding as of the 2038 Notes redemption notice date
Coupon rate 6.10% Senior Notes due 2036
6.10%
Stated interest rate on the XTO Energy Senior Notes due 2036
Coupon rate 6.75% Senior Notes due 2037
6.75%
Stated interest rate on the XTO Energy Senior Notes due 2037
Coupon rate 6.375% Senior Notes due 2038
6.375%
Stated interest rate on the XTO Energy Senior Notes due 2038
Redemption Date
September 27, 2026
Date on which all then-outstanding XTO Energy notes will be redeemed
Redemption Price basis
100% of principal plus Make-Whole Amount and accrued interest
Terms applicable to each redeemed XTO Energy note series
Key Terms
Make-Whole Amount, Redemption Date, Supplemental Indenture, Paying Agent, +1 more
5 terms
Make-Whole Amount financial
"The “Redemption Price” is equal to 100% of the principal amount of the Notes plus the Make-Whole Amount"
A make-whole amount is the cash payment a borrower must give investors when it pays off a bond or loan early, designed to compensate them for lost future interest. Think of it like an early-termination fee that equals the current value of the remaining scheduled payments (often calculated using a set interest rate) so investors are put “made whole”; it matters because it changes how costly early refinancing is and affects bond values and investor returns.
Redemption Date financial
"has elected to redeem all of the outstanding Notes ... on September 27, 2026 (the “Redemption Date”)"
The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.
Supplemental Indenture financial
"the Third Supplemental Indenture dated as of March 30, 2006 (the “Supplemental Indenture”)"
A supplemental indenture is a written amendment to the original bond agreement that changes specific terms of a debt contract, such as payment schedules, interest rates, collateral or covenant protections. Investors care because it alters the legal rights and risks tied to a security — like renegotiating a mortgage where the lender and borrower agree to new rules — and can affect a bond’s credit quality, yield and market value.
Paying Agent financial
"must be so surrendered to the Paying Agent (as defined below) in order to collect the Redemption Price"
A paying agent is a bank or company that helps deliver payments, like interest or dividends, to investors. It’s like a trusted middleman who makes sure everyone gets their money on time, so investors don’t have to handle the details themselves.
book-entry form financial
"Notes in book-entry form must be surrendered through the facilities of The Depository Trust Company"
A book-entry form is an electronic record showing ownership of securities instead of a paper certificate; think of it like a bank account ledger that notes who owns shares. It matters to investors because it makes buying, selling and transferring securities faster, safer and cheaper by reducing paperwork, loss or forgery risk, and enabling easier settlement through brokers or a central depository.
FAQ
What debt is ExxonMobil Holdings (XOM) redeeming through XTO Energy?
XTO Energy Inc., a wholly owned subsidiary of ExxonMobil Holdings (XOM), is redeeming all outstanding 6.10% Senior Notes due 2036, 6.75% Senior Notes due 2037, and 6.375% Senior Notes due 2038 issued by XTO.
When is the redemption date for the XTO Energy senior notes?
The redemption date for all three XTO Energy senior note series is September 27, 2026. On that date, the redemption price becomes due and interest on the notes will cease to accrue, provided the redemption price is paid.
How much principal is outstanding on the 6.10% XTO Energy notes due 2036?
As of the redemption notice date, XTO Energy has $174,435,000 aggregate principal amount of its 6.10% Senior Notes due 2036 outstanding that have been called for full redemption.
How much principal is outstanding on the 6.75% XTO Energy notes due 2037?
As of the notice date, XTO Energy has $252,384,000 aggregate principal amount of its 6.75% Senior Notes due 2037 outstanding that are subject to full redemption on September 27, 2026.
How much principal is outstanding on the 6.375% XTO Energy notes due 2038?
As of the notice date, XTO Energy has $199,725,000 aggregate principal amount of its 6.375% Senior Notes due 2038 outstanding that are being fully redeemed on September 27, 2026.
What must XTO Energy noteholders do to receive their redemption payment?
Holders must surrender their notes to the paying agent. Certificated notes are delivered to The Bank of New York Trust Company, N.A. at specified Pittsburgh addresses; book-entry notes are surrendered through The Depository Trust Company in the usual manner.
AI-generated analysis. How Rhea-AI works. Not financial advice.
