debt
confidence high
sentiment neutral
materiality 0.50
Permian Resources prices tender offer for $300M 7.75% Senior Notes due 2026 at $1,014.67
Permian Resources Corp
- Pricing set at $1,014.67 per $1,000 principal, based on 4.853% yield to Feb 15, 2025 call date.
- Tender offer expires Aug 2, 2024; settlement expected Aug 8, 2024.
- Offer conditioned on completing a concurrent notes offering to fund the purchase.
- Permian Resources intends to redeem any untendered notes on or about Feb 15, 2025 at par.
- J.P. Morgan is exclusive dealer manager; D.F. King is tender agent.