Loan & DebtJul 22, 2026, 04:37 PM
Magnolia Oil & Gas Prices $500M Senior Notes Due 2034
AI Summary
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. announced the pricing of a private offering of $500 million in 6.625% senior unsecured notes due 2034. The closing of the offering is anticipated on August 5, 2026. The net proceeds from this offering, combined with other funding sources, are intended to finance the cash consideration for the company's pending acquisition of WildFire Intermediate Holdings, LLC.
Key Highlights
- Magnolia Oil & Gas priced $500 million in aggregate principal amount of senior unsecured notes.
- The notes carry an interest rate of 6.625% and are due in 2034.
- The closing of the notes offering is expected to occur on August 5, 2026.
- Proceeds from the notes offering will fund the cash consideration for the acquisition of WildFire Intermediate Holdings, LLC.
- The offering was a private placement to qualified institutional buyers and non-U.S. persons.
Price Impact
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