Vital Energy Prices Upsized Offering of $200.0 Million of Senior Notes
Vital Energy, Inc., par value $0.01 per share (VTLE)
Company Research
Source: GlobeNewswire
TULSA, OK, April 01, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced the pricing of its previously announced private placement offering (the “Offering”), upsized to $200.0 million in aggregate principal amount, of 7.875% senior notes due 2032 (the “senior notes”) at 100.75% of par, plus accrued and unpaid interest from March 28, 2024, in a private placement to eligible purchasers. The Offering is expected to close on or about April 3, 2024, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from this offering, if completed, to repay or repurchase indebtedness, including in connection with the funding of the purchase for cash our 10.125% senior notes due 2028 and certain of our 9.750% senior notes due 2030 in the cash tender offers (the “Tender Offers”) the Company commenced pursuant to an offer to purchase dated March 14, 2024, as amended, or for
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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