Tulsa’s Vital Energy is expanding its previously issued $800 million in senior notes with another $100 million.
The company announced Monday that it is offering the $100 million in 7.875% senior notes due 2032 in a private placement to eligible purchasers.
In the announcement, Vital stated that it intends to use the net proceeds from the offering, if completed, to repay or repurchase indebtedness.
The senior notes will be senior unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by Vital Midstream Services, LLC, a subsidiary of the Company, and certain of its future subsidiaries.
Vital had earlier offered and issued $800 million in 7.875% senior notes due 2032 which have substantially identical terms as the existing notes.