Permian Resources (PR) has issued an update.
Permian Resources Operating, LLC, a subsidiary of Permian Resources Corporation, issued $1 billion of 6.25% senior notes due in 2033, guaranteed by its subsidiaries and the parent company. The notes offer flexible redemption options before maturity and include protective covenants for investors. If a change of control occurs, note holders have the right to sell their notes back at a premium. The issue is part of a strategic financial maneuver, also involving the repurchase and redemption of existing senior notes due in 2026, aligning the company’s debt profile with its long-term objectives.
See more insights into PR stock on TipRanks’ Stock Analysis page.
