The latest announcement is out from Permian Resources (PR).
Permian Resources Corporation announced the pricing of an upsized private offering of $1 billion in senior notes and a public offering of Class A Common Stock. Net proceeds from the notes will be used to repurchase and redeem outstanding senior notes, fund part of an acquisition from Occidental Petroleum affiliates, and repay credit facility debts. The stock offering aims to raise about $401.9 million to contribute to the acquisition cost, with excess funds for general corporate purposes. Both the notes and stock offerings are integral to Permian Resources’ strategic financial maneuvers for growth and operational funding.
See more data about PR stock on TipRanks’ Stock Analysis page.
