Loan & DebtJul 22, 2026, 07:36 AM
Magnolia Oil & Gas Proposes $500M Senior Unsecured Notes Offering
AI Summary
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. announced their intent to offer $500 million in aggregate principal amount of senior unsecured notes due 2034 in a private offering. The proceeds from this notes offering, combined with funds from a recently priced equity offering and other sources, will be used to finance the cash consideration for the acquisition of WildFire Intermediate Holdings, LLC. The equity offering, which included an underwriters' option exercise for additional shares, is expected to close on July 22, 2026.
Key Highlights
- Magnolia Operating and Finance Corp. intend to offer $500 million in senior unsecured notes due 2034.
- The notes will be offered in a private placement to eligible purchasers.
- Proceeds from the notes offering will fund the cash consideration for the WildFire Intermediate Holdings acquisition.
- The company previously priced a public offering of 46,315,790 Class A common stock shares at $23.75 per share.
- Underwriters exercised their option to purchase an additional 6,947,368 shares of common stock.
- The equity offering, including the option exercise, is expected to close on July 22, 2026.
Price Impact
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