0001193125-23-080646.txt : 20230327 0001193125-23-080646.hdr.sgml : 20230327 20230327172952 ACCESSION NUMBER: 0001193125-23-080646 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230327 DATE AS OF CHANGE: 20230327 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER NATURAL RESOURCES CO CENTRAL INDEX KEY: 0001038357 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752702753 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-241031 FILM NUMBER: 23765556 BUSINESS ADDRESS: STREET 1: 777 HIDDEN RIDGE CITY: IRVING STATE: TX ZIP: 75038 BUSINESS PHONE: 9724449001 MAIL ADDRESS: STREET 1: 777 HIDDEN RIDGE CITY: IRVING STATE: TX ZIP: 75038 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER NATURAL RESOURCES CO CENTRAL INDEX KEY: 0001038357 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752702753 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 777 HIDDEN RIDGE CITY: IRVING STATE: TX ZIP: 75038 BUSINESS PHONE: 9724449001 MAIL ADDRESS: STREET 1: 777 HIDDEN RIDGE CITY: IRVING STATE: TX ZIP: 75038 FWP 1 d395664dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-241031

March 27, 2023

Pioneer Natural Resources Company

Pricing Term Sheet

 

Issuer:

   

Pioneer Natural Resources Company

Security Type:

   

Senior Unsecured

Offering Format:

   

SEC Registered

Expected Ratings*:

   

Baa1/BBB/BBB+ (Stable/Stable/Stable)

Trade Date:

   

March 27, 2023

Settlement Date:

   

March 29, 2023 (T+2)

Title of Securities:

   

5.100% Senior Notes due 2026

Principal Amount:

   

$1,100,000,000

Stated Maturity Date:

   

March 29, 2026

US Treasury Benchmark:

   

4.625% due March 15, 2026

US Treasury Yield:

   

3.798%

Spread to US Treasury:

   

1.320%

Yield to Maturity:

   

5.118%

Issue Price:

   

99.951% of face amount

Coupon:

   

5.100%

Interest Payment Dates:

   

March 29 and September 29 commencing September 29, 2023

Optional Redemption:

   

Greater of par or T + 20 bps

CUSIP/ISIN:

   

723787 AV9 / US723787AV90

Joint Book-Running Managers:

   

BofA Securities, Inc.

TD Securities (USA) LLC

Wells Fargo Securities, LLC

Citigroup Global Markets Inc.

Goldman Sachs & Co. LLC

J.P. Morgan Securities LLC

Morgan Stanley & Co. LLC

RBC Capital Markets, LLC

Scotia Capital (USA) Inc.

Senior Co-Managers:

   

Barclays Capital Inc.

CIBC World Markets Corp.

Credit Suisse Securities (USA) LLC

MUFG Securities Americas Inc.

Co-Managers:

   

PNC Capital Markets LLC

Truist Securities, Inc.

U.S. Bancorp Investments, Inc.

 

*

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting BofA Securities, Inc. at 1-800-294-1322, TD Securities (USA) LLC at 1-855-495-9846, or Wells Fargo Securities, LLC at 1-800-645-3751.

ANY DISCLAIMER OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED, SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.