Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. closed a private offering of $500.0 million aggregate principal amount of 6.625% senior notes due August 15, 2034. The unsecured debt is guaranteed by Magnolia Oil & Gas Corporation and its affiliates, with interest payable semi-annually starting February 15, 2027. Proceeds will fund the acquisition of WildFire Intermediate Holdings, LLC, alongside equity proceeds from a July 22, 2026 offering and existing cash. The company operates in the oil and gas exploration and production industry.
