Vital Energy Inc. today announced its intention to mandatorily convert all outstanding shares of its 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock, par value $0.01 per share , into shares of the Company's common stock, par value $0.01 per share, on June 4, 2024 pursuant to the terms of the Certificate of Designations of 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock. Holders of Series [...]
Vital Energy Inc. today reported first-quarter 2024 financial and operating results. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Thursday, May 9, 2024. Participation details can be found within this release. First-Quarter 2024 Highlights Execution of business plan and successful integration of acquired [...]
Vital Energy Inc. announces that the Corporations's 2023 Annual Financial Statements, Management's Discussion and Analysis and Forms 51-101 regarding Statement of Reserves Data and Other Oil and Gas Information have been filed on SEDAR and are also available on the Corporation's website . On October 25, 2023, the Corporation commenced drilling six horizontal wells in the Cardium reservoir at pad 1-29-50-10W5 in the [...]
Vital Energy Inc. will report first-quarter 2024 financial and operating results after the market close on Wednesday, May 8, 2024 and host a conference call and webcast on Thursday, May 9, 2024, at 7:30 a.m. CT. To participate on the call, dial 800.715.9871, using conference code 5520992 or listen to the call via the Company's website at www.vitalenergy.com "Investor Relations | News & Presentations | Upcoming Events [...]
Vital Energy Inc. announces that, further to its December 5, 2023 news release, its existing $10 million credit facility has been assigned from the existing lender, a company controlled by Mr. Hai Zhou , to an arm's length third party lender. ?The terms of the Credit Facility remain unchanged, such that the Credit Facility matures on December 4, 2024 and ?funds advanced bear interest at a rate of 12% per annum, payable on [...]
Vital Energy Inc., a Delaware corporation , today announced that it has amended its previously announced cash tender offer for its 9.750% senior notes due 2030 . The Company is amending the maximum amount of 2030 Notes it will repurchase in the Tender Offer from $100,000,000 aggregate principal amount to $197,636,000 aggregate principal amount and the expiration date of the Tender Offer to 5:00 p.m., New York City time [...]
Vital Energy Inc., a Delaware corporation , today announced the pricing of its previously announced private placement offering , upsized to $200.0 million in aggregate principal amount, of 7.875% senior notes due 2032 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 [...]
Vital Energy Inc., a Delaware corporation , today announced that it intends to offer , subject to market and other conditions, $100.0 million in aggregate principal amount of 7.875% senior notes due 2032 in a private placement to eligible purchasers. 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 [...]
Vital Energy Inc., a Delaware corporation today announced the early results of its previously announced cash tender offers to purchase for cash up to $550.0 million aggregate principal amount of up to $475.0 million of its 10.125% senior notes due 2028 and up to $75.0 million of its 9.750% senior notes due 2030 , subject to the terms and conditions set forth in the Offer to Purchase, dated March 14, 2024 . In addition [...]
Vital Energy Inc., a Delaware corporation , today announced the pricing of its previously announced private placement offering , upsized to $800.0 million in aggregate principal amount, of 7.875% senior notes due 2032 at 100% of par in a private placement to eligible purchasers. The Offering is expected to close on March 28, 2024, subject to the satisfaction of customary closing conditions. The Company intends to use the [...]
Vital Energy Inc. today announced that it has commenced cash tender offers to purchase for cash up to $550.0 million aggregate principal amount of the outstanding notes listed in the table below, provided that the Company will not accept for purchase more than $475.0 million of its 10.125% senior notes due 2028 and $75.0 million of its 9.750% senior notes due 2030 , subject to certain conditions. The terms and conditions [...]
Vital Energy Inc., a Delaware corporation , today announced that it intends to offer , subject to market and other conditions, $575.0 million in aggregate principal amount of senior notes due 2032 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 fund the purchase for cash of up to $475.0 million [...]