debt
confidence high
sentiment neutral
materiality 0.50
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.
item 2.04item 9.01