Permian Resources Corp (PR) PT Raised to $18 at Mizuho

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Permian Resources Announces Full Redemption of 6.875% Senior Notes Due 2027

March 6, 2024 8:38 AM EST

MIDLAND, Texas--(BUSINESS WIRE)-- Permian Resources Corporation (Permian Resources or the Company) (NYSE: PR) announced today that Permian Resources Operating, LLC (the Issuer), a subsidiary of Permian Resources, has given notice of its intention to redeem all of the Companys outstanding $356,351,000 aggregate principal amount 6.875% Senior Notes due 2027 (the Notes) on April 5, 2024 (the Redemption Date). The redemption is being made in accordance with the terms and conditions of the Notes and the indenture governing the Notes (the Indenture). The redemption price per Note will be 100% of the principal amount of the Notes, plus accrued and unpaid interest up to,... More

Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

March 4, 2024 9:30 AM EST

MIDLAND, Texas--(BUSINESS WIRE)-- Permian Resources Corporation (Permian Resources or the Company) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 48,500,000 shares of its Class A Common Stock, par value $0.0001 per share (Class A common stock), at a price to the public of $15.76 per share, by certain affiliates of EnCap Investments L.P., NGP Energy Capital Management L.L.C., Pearl Energy Investments and Riverstone Investment Group LLC and certain members of the Companys management (the Selling Stockholders). Permian Resources will not sell any shares of Class A common stock in... More