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AI brief of an SEC Form 8-K · Magnolia Oil & Gas (MGY)

Magnolia closes $400 million 6.875% senior notes due 2032, redeems 2026 notes

Neutral Impact 3 of 5 financing Written later

Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. closed a private offering of $400.0 million of 6.875% senior notes due December 1, 2032, on November 26, 2024. The company used the proceeds in connection with redeeming all of its outstanding 6.00% senior notes due 2026 at 101.000% of principal plus accrued interest, which satisfies and discharges that indenture. The filing shows a refinancing that adds new debt while retiring older debt, and the 8-K does not state the company's overall debt level or the effect on its results.

Key points

  • $400.0 million of 6.875% senior notes due December 1, 2032, issued under an indenture with Regions Bank as trustee
  • Interest payable semi-annually on June 1 and December 1, starting June 1, 2025
  • Redeemed all 6.00% senior notes due 2026 at 101.000% of principal, plus accrued and unpaid interest, following a notice delivered November 14, 2024
  • New notes are general unsecured senior obligations, guaranteed on a senior unsecured basis by the guarantors

The filing

CompanyMagnolia Oil & Gas (MGY)
Form8-K, current report
Filed with the SECNov 26, 2024, 4:05 PM ET
Accession number0001104659-24-123076

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 26, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.