secwatch.observer — SEC 8-K summary
======================================

Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001193125-24-188310
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312524188310/0001193125-24-188310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312524188310/d224785d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-188310

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer