Magnolia closes $500 million 6.625% senior notes offering to fund WildFire acquisition
On August 5, 2026, Magnolia's operating subsidiaries closed a $500.0 million offering of 6.625% senior notes due August 15, 2034. The proceeds, along with a July 22, 2026 Class A stock offering, revolving credit borrowings and cash on hand, are to fund the cash consideration for the pending acquisition of WildFire Intermediate Holdings, LLC. The notes add a fixed debt obligation tied to that deal, which must be redeemed if the acquisition is not completed by March 19, 2027.
Key points
- $500.0 million principal at 6.625% per year, maturing August 15, 2034, with interest paid semi-annually starting February 15, 2027.
- Proceeds, with July 22, 2026 stock offering proceeds, revolver borrowings and cash on hand, fund the cash payment for 100% of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC.
- Notes must be redeemed at issue price plus accrued interest if the acquisition is not completed by March 19, 2027, or if Magnolia Operating decides not to pursue it.
- Holders may require repurchase at 101% of principal plus accrued interest upon certain changes of control.
The filing
Written by AI on Nov 8, 2026, 12:58 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 August 05, 2026.
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.