Vital Energy Announces Offering of $575.0 Million of Senior Notes
Vital Energy, Inc., par value $0.01 per share (VTLE)
Company Research
Source: GlobeNewswire
TULSA, OK, March 14, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced that it intends to offer (the “Offering”), subject to market and other conditions, $575.0 million in aggregate principal amount of senior notes due 2032 (the “senior notes”) in a private placement to eligible purchasers. The Company intends to use the net proceeds of the Offering, if completed, together with existing corporate liquidity, to (a) fund the purchase for cash of up to (i) $475.0 million aggregate principal amount of our 10.125% senior notes due 2028 and (ii) $75.0 million aggregate principal amount of our 9.750% senior notes due 2030 in the cash tender offers the Company commenced pursuant to an offer to purchase dated March 14, 2024, (b) pay fees and expenses incurred therewith and/or (c) repay borrowings outstanding under our senior secured credit facility. The senior notes will be senior unsecured obligations of the C
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News
- Vital Energy, Inc. (NYSE: VTLE) had its price target raised by analysts at Stifel Nicolaus from $70.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target raised by analysts at KeyCorp from $55.00 to $63.00. They now have an "overweight" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target lowered by analysts at Piper Sandler from $54.00 to $52.00. They now have a "neutral" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target raised by analysts at Wells Fargo & Company from $51.00 to $57.00. They now have an "equal weight" rating on the stock.MarketBeat
- Vital Energy, Inc. (NYSE: VTLE) had its price target raised by analysts at Mizuho from $54.00 to $55.00. They now have a "neutral" rating on the stock.MarketBeat
VTLE
Earnings
- 2/21/24 - Beat
VTLE
Sec Filings
- 4/15/24 - Form 8-K
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- VTLE's page on the SEC website