Permian Resources Corporation announced a secondary public offering of 46,112,899 shares of its Class A Common Stock.
Certain affiliates of Pearl Energy Investments and Riverstone Investment Group LLC are the selling stockholders in the offering.
The offering includes the purchase of 2,000,000 common units in Permian Resources Operating, LLC from some selling stockholders.
Underwritten Public Offering
An aggregate of 46,112,899 shares of Class A Common Stock is being offered by selling stockholders, not by Permian Resources.
Concurrent OpCo Unit Purchase
Permian Resources intends to purchase 2,000,000 common units in OpCo from selling stockholders at the price per share determined by underwriters in the offering.
Underwriters
Morgan Stanley, Citigroup, and Goldman Sachs & Co. LLC are serving as the underwriters for the offering.
- The offering is subject to market conditions and the completion of the Concurrent OpCo Unit Purchase.
- The completion of the offering will provide funds for the selling stockholders and potential expansion opportunities for Permian Resources.
Permian Resources Corporation is expanding its shareholder base through a secondary public offering, providing an opportunity for affiliates to divest shares and initiate strategic purchases within the company.