other_material
confidence high
sentiment neutral
materiality 0.70
Permian Resources announces secondary offering of 46.1M shares at $13.53; concurrent unit purchase
Permian Resources Corp
- Selling stockholders (Pearl Energy, Riverstone affiliates) offer 46,112,899 shares at $13.53 per share; company receives no proceeds.
- Company agrees to purchase 2,000,000 OpCo Units from certain selling stockholders at same price, canceling corresponding Class C shares.
- Offering expected to close September 16, 2025; underwriters are Morgan Stanley, Citigroup, Goldman Sachs.
- Concurrent unit purchase is conditioned on offering closing; offering not conditioned on unit purchase.
item 7.01item 8.01item 9.01