10:12 AM EDT, 03/14/2024 (MT Newswires) -- Vital Energy ( VTLE ) said Thursday it plans to offer $575 million of senior notes due 2032 in a private placement.

If completed, the company said that the offering's net proceeds will be used to help fund the purchase for cash of up to $475.0 million of its 10.125% senior notes due 2028 and $75.0 million of its 9.750% senior notes due 2030 in the tender offers that it has started.

Each tender offer is set to expire at 5 p.m. ET on April 11, the company said.

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