debt
confidence high
sentiment neutral
materiality 0.60
Magnolia Oil & Gas closes $500M offering of 6.625% senior notes due 2034
Magnolia Oil & Gas Corp
- Issued $500M aggregate principal of 6.625% senior notes due August 15, 2034.
- Notes are unsecured senior obligations; guaranteed by parent and certain subsidiaries.
- Proceeds, together with equity offering and credit facility, to fund pending acquisition of WildFire Intermediate Holdings.
- If acquisition not closed by March 19, 2027, or abandoned, notes must be redeemed at issue price plus accrued interest.
- Notes have make-whole redemption prior to August 15, 2029, and change-of-control repurchase at 101%.