debt
confidence high
sentiment neutral
materiality 0.75
Permian Resources amends credit facility for Earthstone Merger; commitments up to $2B
Permian Resources Corp
- Fourth Amendment excludes up to $1.05B assumed notes and $1B new senior unsecured notes from automatic borrowing base reduction.
- Fifth Amendment waives certain restrictive covenants for Earthstone Merger and increases elected commitments from $1.5B to $2B, subject to closing.
- Read & Stevens, Inc. added as guarantor under supplemental indentures for senior notes (7.75% 2026, 5.875% 2029, etc.) and exchangeable notes.