other material
confidence high
sentiment neutral
materiality 0.60
Permian Resources announces pricing of secondary offering of 21.45M shares at $13.05 by NGP affiliates
Permian Resources Corp
- Selling stockholders (NGP affiliates) to sell 21.45M shares of Class A common stock at $13.05 per share.
- Underwriters' option for additional 3.2175M shares exercised in full, total offering up to 24.6675M shares.
- Company to purchase 2.2M OpCo Units from sellers and cancel an equal number of Class C shares.
- Offering expected to close September 22, 2023; company will not receive any proceeds from the share sale.