An announcement from Permian Resources (PR) is now available.
Permian Resources Corporation announced the pricing of a significant public offering of its Class A Common Stock by some of its stockholders, with no proceeds going to the company itself. Following this, the company’s subsidiary plans to redeem all of its outstanding Senior Notes, with the redemption set for early April. The offering was finalized through an agreement with Goldman Sachs & Co. LLC for over 48 million shares, coinciding with Permian Resources Corporation’s purchase and cancellation of specific stock units from the selling stockholders. This strategic financial maneuver is expected to close subject to standard conditions, underscoring the company’s active engagement in capital market activities.
For detailed information about PR stock, go to TipRanks’ Stock Analysis page.