Permian Resources prices $1B 6.25% notes due 2033 and 26.5M share offering at $15.30 to fund OXY acquisition

Permian Resources Corp

Upsized notes offering to $1,000M of 6.25% senior unsecured notes due 2033; priced at par.
Equity offering of 26.5M shares of Class A common stock at $15.30/share; expected proceeds ~$401.9M.
Net proceeds from notes of ~$987.9M combined with equity to fund tender offer for 7.75% 2026 notes, redemption, and OXY acquisition.
Tender offer for 2026 notes conditioned on notes closing; notes closing expected August 5, 2024; equity closing July 30, 2024.
Acquisition of Occidental Petroleum assets expected Q3 2024; not contingent on offerings.

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