Vital Energy ups notes offering to $800 million


A day after Tulsa’s Vital Energy announced a $575 billion senior note offering, the company increased it to $800 million.

The newest offering involves 7.875% senior notes due 2032 at 100% of par and is expected to close March 28.

Vital intends to use the net proceeds of the offering, if completed, together with existing corporate liquidity, to (a) purchase for cash of up to (i) $475.0 million aggregate principal amount of its 10.125% senior notes due 2028. It also intends to acquire $75 million of its 9.750% senior notes due 2030.