Vital Energy has commenced cash tender offers to purchase for cash up to $550.0 million aggregate principal amount of the outstanding notes listed in the table below, provided that the Company will not accept for purchase more than $475.0 million of its 10.125% senior notes due 2028 and $75.0 million of its 9.750% senior notes due 2030, subject to certain conditions. The terms and conditions of the Tender Offers are described in an Offer to Purchase, dated March 14, 2024. Vital Energy intends to fund the purchase of Tender Notes with the net proceeds from Vital Energy’s concurrent offering of $575.0 million aggregate principal amount of senior notes due 2032, which was also announced by Vital Energy today, together with existing corporate liquidity, if needed.
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