Vital energy announces early results and increase of its cash tender offers for its senior notes due 2028 and senior notes due 2030; planned redemption of senior notes due 2028

Tulsa, ok, march 28, 2024 (globe newswire) -- vital energy, inc., a delaware corporation (nyse: vtle) (“vital energy” or the “company”) today announced the early results of its previously announced cash tender offers (the “tender offers”) to purchase for cash up to $550.0 million aggregate principal amount (as such aggregate principal amount may be increased or decreased by the company, the “aggregate maximum tender amount”) of (i) up to $475.0 million (the “2028 cap”) of its 10.125% senior notes due 2028 (the “2028 notes”) and (ii) up to $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 the terms and conditions set forth in the offer to purchase, dated march 14, 2024 (as amended, the “offer to purchase”). in addition, the company announced that it has amended the tender offers to remove the 2028 cap and the aggregate maximum tender amount (as a result, it will accept any and all 2028 notes tendered in the tender offers) and increase the 2030 cap to $100.0 million aggregate principal amount. except as described in this press release, the terms and conditions of the tender offers set forth in the offer to purchase remain unchanged. capitalized terms used but not defined herein have the meaning given to them in the offer to purchase.
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