Magnolia announced a proposed $500 million private offering of senior unsecured notes due 2034 to help fund its WildFire acquisition.
Key Highlights:
- Issuers intend to offer $500 million aggregate principal of senior unsecured notes due 2034 in a private placement.
- Net proceeds from the notes, Magnolia equity offering proceeds, revolver borrowings and cash will fund the acquisition of WildFire Intermediate Holdings.
- Notes will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
- Magnolia priced a public offering of 46,315,790 Class A shares at $23.75; underwriters exercised option for 6,947,368 additional shares.
Original SEC Filing:
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