Permian Resources Corp (PR): debt financing — Permian Resources calls for full redemption of 3.25% Exchangeable Senior Notes due 2028

Permian Resources Corp

Issuer (Permian Resources Operating, LLC) sent redemption notice on Aug 28, 2025 for all outstanding 3.25% Exchangeable Senior Notes due 2028.
Redemption date set for Sept 12, 2025; notes may be exchanged for common stock at increased rate of 179.9208 shares/$1,000 principal until Sept 10.
Notes not exchanged will be redeemed for cash at ~$1,014.53 per $1,000 principal on Sept 12, 2025.
Base exchange rate is 176.6910 shares/$1,000; make-whole adjustment increases rate for exchanges during the notice period.
No financial impact disclosed; event triggers acceleration of obligation under the indenture.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Permian Resources Corp faced acceleration on senior notes of all outstanding Notes with UMB Bank, N.A. at 3.25% maturing 2028.

Instrument: senior notes
Principal: all outstanding Notes
Counterparty: UMB Bank, N.A.
Rate: 3.25%
Maturity: 2028
Event: acceleration

Exact text from the filing

On August 28, 2025, Permian Resources Operating, LLC (the “ Issuer ”), a consolidated subsidiary of Permian Resources Corporation (the “ Company ”), issued a notice (the “ Redemption Notice ”) to holders of the Issuer’s 3.25% Exchangeable Senior Notes due 2028 (the “ Notes ”) calling for redemption (the “ Redemption ”) of all outstanding Notes.

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Source: SEC EDGAR

accession 0001193125-25-191221

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