Permian Resources prices secondary offering of 46M shares

* Permian Resources (NYSE:PR [https://seekingalpha.com/symbol/PR]) announced on Monday the pricing of an underwritten public offering of 46,112,899 of its Class A Common Stock [https://permianres.com/permian-resources-corporation-announces-pricing-of-secondary-public-offering-of-class-a-common-stock-6/] at a price to the public of $13.53 per share by affiliates of Pearl Energy Investments and Riverstone Investment Group.
* The company itself will not sell any shares or receive any proceeds from this offering.
* However, the company plans to concurrently purchase 2 million common units from some of the selling stockholders, at the same price as the shares are sold. This purchase is contingent on the successful completion of the public offering.
* Morgan Stanley, Citigroup and Goldman Sachs are serving as the underwriters for the offering.
* The offering is expected to close on September 16, 2025.

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