Magnolia Oil & Gas Prices Public Offering of 46.3 Million Shares at $23.75 Each

Corporate Action

โดย Business Wire·Read original

Summary · why it matters

Magnolia Oil & Gas Corporation has priced its underwritten public offering of 46,315,790 shares of Class A common stock at $23.75 per share. The underwriters have a 30-day option to purchase up to an additional 6,947,368 shares at the same price less underwriting discounts and commissions. The offering is expected to close on July 22, 2026, and proceeds will be used, together with a concurrent senior notes issuance, credit facility borrowings, and cash on hand, to fund the cash consideration for Magnolia Operating's acquisition of all limited liability company interests of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC. J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers, alongside Citigroup, Wells Fargo Securities, BofA Securities, Capital One Securities, Fifth Third Securities, KeyBanc Capital Markets, MUFG, PNC Capital Markets LLC, Regions Securities LLC, Scotiabank, and Truist Securities.

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