secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2023-09-12T23:59:59+00:00
Accession:  0001193125-23-233509
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Resources issues $500M 7.000% senior notes due 2032 to support Earthstone merger
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523233509/0001193125-23-233509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523233509/d393042d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-233509

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