10:14 AM EST, 11/12/2024 (MT Newswires) -- Magnolia Oil & Gas ( MGY ) , through several of the exploration and production company's operating subsidiaries, on Tuesday disclosed plans for a $400 million private placement of senior unsecured notes maturing in 2032, subject to market and other conditions.

Net proceeds from the upcoming offering will be used to repurchase and redeem all of Magnolia's outstanding 6.00% senior notes due 2026, the company said.

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