Permian Resources Corp (PR): debt financing — Permian Resources issues $500M 7.000% senior notes due 2032 to support Earthstone merger

Permian Resources Corp

Issued $500M aggregate principal of 7.000% senior notes due Jan 15, 2032.
Notes guaranteed by Permian Resources Corp and subsidiaries; interest payable semiannually Jan 15 and Jul 15 starting Jan 2024.
Special mandatory redemption at 100% if Earthstone merger not closed by April 21, 2024 or is terminated.
Optional redemption: up to 40% at 107% with equity proceeds within 180 days of equity offering; make-whole prior to Jan 2027.
Holders can require repurchase at 101% upon change of control with ratings decline.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Permian Resources Corp incurred senior notes of $500.0 million aggregate principal amount with Computershare Trust Company, N.A. at 7.000% maturing January 15, 2032.

Instrument: senior notes
Principal: $500.0 million aggregate principal amount
Counterparty: Computershare Trust Company, N.A.
Rate: 7.000%
Maturity: January 15, 2032
Event: incurrence

Exact text from the filing

issued $500.0 million aggregate principal amount of its 7.000% senior notes due 2032 (the “Notes”).

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Source: SEC EDGAR

accession 0001193125-23-233509

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