03:59 AM EDT, 07/30/2024 (MT Newswires) -- Permian Resources ( PR ) said late Monday it has priced a private placement to eligible purchasers of $1 billion of 6.25% senior notes due 2033 at par.

Net proceeds will be used to fund the repurchase of outstanding 7.75% senior notes due 2026, acquisition of oil and gas assets owned by affiliates of Occidental Petroleum (OXY), and other debt repayments, the company said.

The offering, which has been upsized from $750 million, is expected to close on Aug. 5, subject to customary conditions.

Price: 15.30, Change: -0.03, Percent Change: -0.20