Permian Resources intends $500M senior notes offering due 2032; proceeds for debt repayment and Earthstone merger

Permian Resources Corp

Offering $500M in senior unsecured notes due 2032 in private placement under Rule 144A/Regulation S.
Net proceeds to repay credit facility borrowings and amounts assumed in Earthstone Merger.
As of Aug 31, 2023: $90.3M cash, $445M outstanding under $1B credit facility.
Updated acreage: 181K net leasehold acres as of June 30, 2023; 404K pro forma for Earthstone Transactions.
Acreage 95% operated, 97% held by production; 73% in Texas and 27% in New Mexico after Earthstone.

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