debt
confidence high
sentiment neutral
materiality 0.60
Permian Resources prices $500M additional 7% senior notes due 2032 to repay credit facility
Permian Resources Corp
- Priced $500M aggregate principal of 7.000% senior notes due Jan 15, 2032 at 99.50% of par.
- Net proceeds expected ~$491.7M after discounts and expenses; used to repay credit facility and for general corporate purposes.
- Notes are additional issuance under existing indenture; will form single series with prior $500M notes.
- Offering expected to close December 13, 2023, subject to customary conditions.
- Notes unregistered, sold in private placement to QIBs and non-US persons under Rule 144A/Reg S.