secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001193125-24-060108
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Resources announces secondary offering by selling stockholders and full redemption of 6.875% notes
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- Selling stockholders (EnCap, NGP, Pearl, Riverstone, management) to sell 48.5M shares at $15.76/share; company receives no proceeds.
- Concurrently, company will buy 2M OpCo Units from certain selling stockholders at same price and cancel corresponding Class C shares.
- Company redeems all $356.351M 6.875% Senior Notes due 2027 on April 5, 2024 at 100% principal plus accrued interest.
- Offering expected to close March 6, 2024; Goldman Sachs is sole underwriter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312524060108/0001193125-24-060108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312524060108/d766523d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-060108

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