Skip to content
  1. Home
  2. News
  3. Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock

Deals & Cases
May 14, 2024
Permian Resources 5_14
Deals & Cases
May 14, 2024

Vinson & Elkins advised Permian Resources Corporation (the “Company”) and selling stockholders in connection with an underwritten public offering of an aggregate of 51,765,000 shares of the Company’s Class A common stock by the selling stockholders, at a price to the public of $16.47 per share.

Concurrently with the closing of the offering, the Company repurchased 1,800,000 common units in Permian Resources Operating, LLC at a price per common unit equal to the price per share at which the underwriter purchased shares of Class A common stock in the offering. The offering was priced on May 13, 2024 and is anticipated to close on May 15, 2024. A copy of the pricing press release is below.

The Vinson & Elkins team was led by partners Doug McWilliams and Jackson O’Maley, with assistance from senior associate Alex Lewis and associates Nate Richards, John Frey, Patience Li and Farzin Khoshravan. Also advising were partner Wendy Salinas and associates Jeff Slusher and John Lynch; partner Dario Mendoza and associates Cassandra Zarate and Eric Hechler; and associate Kelly Rondinelli.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

For more information, please speak with our media contacts.

Key Contacts