Permian Resources Corporation
Permian Resources Announces Expiration of Tender Offer for Senior Notes
Summary
On August 5, 2024, Permian Resources Corporation announced the final results and expiration of its tender offer for its 7.75% Senior Notes due 2026. Permian Resources received tenders for 99.57% of the aggregate principal amount of the outstanding Notes, totaling $298,703,000, excluding those subject to guaranteed delivery procedures. The purchase price for the Notes is $1,014.67 for each $1,000 principal amount, plus accrued interest. Permian Resources intends to redeem all unpurchased Notes on or about February 15, 2025, at a redemption price of 100.000% of the principal amount, plus accrued interest.
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About Permian Resources Corporation
Permian Resources Corporation is an energy company focused on the exploration, development, and production of oil and natural gas. Operating primarily in the prolific Permian Basin, a region known for its abundant energy reserves and efficient extraction capabilities, the company plays a significant role in the U.S. energy sector. Permian Resources Corporation employs advanced drilling and completion techniques to maximize output and ensure sustainable resource management. The company's operations significantly contribute to the supply chain of oil and gas, impacting industries ranging from transportation to manufacturing. By implementing innovative technologies and maintaining a keen focus on environmental stewardship, the company strives to optimize its production while adhering to regulatory standards. In the financial market, Permian Resources Corporation is a key player in the oil and gas industry, providing investors with exposure to the energy market's fluctuations. The company’s strategic focus on operational efficiency and its position within one of the nation's most critical oil fields underscore its importance in meeting domestic energy demands and shaping energy policy discussions.
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