other material
confidence high
sentiment neutral
materiality 0.30
Exxon subsidiary Pioneer calls 0.250% convertible notes for redemption on June 25, 2024
EXXON MOBIL CORP
- Redemption date June 25, 2024; conversion deadline June 21, 2024 at 5:00 p.m. ET.
- Redemption price $1,000.28 per $1,000 principal (100% principal plus accrued interest).
- Conversion rate 25.4503 XOM shares per $1,000 principal; conversion price ~$39.29/share.
- All conversions after notice date settled in cash; no equity dilution.