Magnolia Oil & Gas closes USD 500 million 6.625% senior notes offering due 2034
Reuters2026/08/05 20:57- Magnolia Oil & Gas closed a private offering of USD 500 million 6.625% senior notes due 2034.
- Proceeds earmarked for the cash portion of the planned WildFire Intermediate Holdings acquisition, alongside equity proceeds, revolver borrowings, cash on hand.
- Notes mature Aug. 15, 2034; interest at 6.625% starts Feb. 15, 2027 with semiannual payments.
- Mandatory redemption at issue price if the acquisition does not close by March 19, 2027 or is abandoned before then.
- Change of control triggers holder put at 101% of principal, excluding accrued interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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