Permian Resources to Redeem All Outstanding 6.875% Senior Notes Due 2027
Wednesday, 6 March 2024, 14:00
Permian Resources Redemption Plan
Permian Resources has revealed its decision to redeem all outstanding $356.4M of its 6.875% senior notes due in 2027. This move by the company is a significant financial decision aimed at restructuring its debt obligations.
Redemption Details
- The redemption price offered is 100% of the principal plus accrued interest.
- This strategic initiative indicates Permian Resources' commitment to financial stability and efficient capital management.
Overall, this redemption plan highlights the company's proactive approach to optimizing its financial position and ensuring long-term sustainability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.