04:35 PM EST, 01/14/2025 (MT Newswires) -- Permian Resources ( PR ) said Tuesday that its subsidiary Permian Resources Operating will redeem $175 million of the total outstanding 9.875% senior notes due 2031.

Permian Resources Operating will redeem the notes on Jan. 24, at 109.875% of the principal amount, plus accrued interest, the company said. After the redemption, $325 million of notes will remain outstanding.