03:04 PM EDT, 04/01/2024 (MT Newswires) -- Vital Energy ( VTLE ) said Monday it has priced its $200 million offering of 7.875% senior notes due 2032 at 100.75% of par in a private placement, with closing expected Wednesday.

The company said it plans to use the funds to help repay or repurchase existing debt, including its 10.125% senior notes due 2028 and certain 9.750% senior notes due 2030.

Vital Energy ( VTLE ) initially planned to issue $100 million worth of notes.

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