Financing ·
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. priced a $500 million private offering of 6.625%…
MGYMagnolia Oil & Gas Corp
Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. priced a $500 million private offering of 6.625% senior unsecured notes due 2034. The closing is expected on August 5, 2026. Proceeds from this offering, alongside recent Class A common stock issuances, revolving credit facility borrowings, and cash on hand, will fund the acquisition of 100% of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC. Magnolia Oil & Gas Corp is an oil and gas exploration and production company.