Vital energy commences tender offers for a portion of its senior notes due 2028 and its senior notes due 2030

Tulsa, ok, march 14, 2024 (globe newswire) -- vital energy, inc. (nyse: vtle) (“vital energy” or the “company”) today announced that it has commenced cash tender offers (the “tender offers”) to purchase for cash up to $550.0 million aggregate principal amount (the “aggregate maximum tender amount”) of the outstanding notes listed in the table below, provided that the company will not accept for purchase more than $475.0 million (the “2028 cap”) of its 10.125% senior notes due 2028 (the “2028 notes”) and $75.0 million (the “2030 cap” and, together with the 2028 cap, the “series caps”) of its 9.750% senior notes due 2030 (the “2030 notes” and, together with the 2028 notes, the “tender notes”), subject to certain conditions.
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