debt
confidence high
sentiment neutral
materiality 0.50
Permian Resources prices $500M of 7% senior notes due 2032; net proceeds to repay debt including Earthstone merger
Permian Resources Corp
- Priced $500M aggregate principal amount of 7.000% senior notes maturing Jan 15, 2032 at par.
- Net proceeds of ~$492.5M to repay indebtedness including credit facility and amounts assumed in Earthstone merger.
- Interest payable semi-annually on Jan 15 and Jul 15; first payment Jan 15, 2024.
- Notes are senior unsecured obligations guaranteed by Permian Resources and its subsidiaries that guarantee the credit facility.