Permian Resources prices $852.6M secondary offering at $16.47/share; concurrent unit buyback

Permian Resources Corp

Offering of 51,765,000 shares by selling stockholders at $16.47/share; company receives no proceeds.
Concurrent purchase of 1,800,000 OpCo units from certain sellers at same price, cancelling Class C shares.
Underwriter is Goldman Sachs; closing expected May 15, 2024.
Sellers include affiliates of EnCap, NGP, Pearl, Riverstone, and a board member.

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