secwatch.observer — SEC 8-K summary
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Issuer:     Permian Resources Corp (PR)
CIK:        0001658566
Form:       8-K
Filed at:   2025-08-28T23:59:59+00:00
Accession:  0001193125-25-191221
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Permian Resources calls for full redemption of 3.25% Exchangeable Senior Notes due 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1658566/000119312525191221/0001193125-25-191221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1658566/000119312525191221/d83141d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-191221

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