secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2022-09-08T23:59:59+00:00
Accession:  0001193125-22-241104
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 3.01, 3.02, 5.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Resources closes Colgate Energy merger; stock trades under PR
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- Colgate unitholder received 269.3M Class C shares, 269.3M OpCo units, and $525M cash.
- Name changed to Permian Resources; Class A common begins trading PR on Nasdaq, moving to NYSE Sep 12.
- Co-CEOs William Hickey III and James Walter appointed; Sean Smith becomes Executive Chairman.
- Credit facility expanded to $1.5B elected commitments; borrowing base increased to $2.5B.
- Authorized Class A shares raised to 1B, Class C to 500M; four former directors resigned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/0001193125-22-241104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312522241104/d402395d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-241104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer