secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001193125-23-270509
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Resources completes acquisition of Earthstone; ~211M shares issued, exchange ratio 1.446
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- Acquisition closed Nov 1, 2023; each Earthstone share exchanged for 1.446 Permian Resources shares.
- Permian Resources issued ~211M shares; Earthstone common stock delisted from NYSE.
- Board appointed Robert J. Anderson and Frost W. Cochran effective closing date; assumed Earthstone LTIP share reserve.
- Supplemental indentures assumed Earthstone's $550M 8.000% notes due 2027 and $500M 9.875% notes due 2031.
- Registration rights agreement filed with six-month lock-up for certain holders on Permian securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523270509/0001193125-23-270509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312523270509/d559460d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-270509

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