Vital energy announces offering of senior notes

Tulsa, ok, sept. 13, 2023 (globe newswire) -- vital energy, inc., a delaware corporation (nyse: vtle) (“vital energy” or the “company”), announced today that it intends, subject to market conditions, to publicly offer $300 million in aggregate principal amount of 10.125% senior unsecured notes due 2028 and $500 million in aggregate principal amount of senior unsecured notes due 2030 in a registered underwritten offering for a total of $800 million. the company intends to use a portion of the net proceeds from this offering of the notes and a concurrent offering of common stock to fund the satisfaction and discharge of the indenture governing its 9.500% senior unsecured notes due 2025, to repay a portion of the borrowings outstanding under its senior secured credit facility and use any excess for general corporate purposes.
VTLE Ratings Summary
VTLE Quant Ranking