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AI brief of an SEC Form 8-K · Permian Resources (PR)

Permian Resources sells $1.0 billion of 6.25% notes due 2033; 2026 notes tendered

Neutral Impact 3 of 5 financing Written later

Permian Resources Operating, LLC, a subsidiary of Permian Resources Corporation, issued $1.0 billion of 6.25% senior unsecured notes due February 1, 2033 on August 5, 2024. Concurrently, the company ran a tender offer for its 7.75% senior notes due 2026, and holders tendered $298,703,000 of them, with the remaining outstanding 2026 notes set for redemption on February 15, 2025. The new notes add $1.0 billion of direct debt for shareholders, and the indenture contains covenants that limit dividends, asset sales and additional borrowing.

Key points

  • $1.0 billion of 6.25% senior notes issued August 5, 2024, maturing February 1, 2033, with the first interest payment due February 1, 2025
  • $298,703,000 (about 99.57%) of the 7.75% 2026 notes validly tendered at expiration, plus $850,000 more through guaranteed delivery by August 6, 2024
  • Remaining 2026 notes to be redeemed February 15, 2025; $481,642.50 deposited in trust to satisfy and discharge the 2026 indenture
  • Notes are guaranteed on a senior unsecured basis by Permian Resources Corporation (NYSE: PR)

The filing

CompanyPermian Resources (PR)
Form8-K, current report
Filed with the SECAug 8, 2024, 4:10 PM ET
Accession number0001193125-24-196965

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, 12:42 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 08, 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.