Permian Resources Corp Files 8-K on Financial Obligations
Ticker: PR · Form: 8-K · Filed: Aug 28, 2025 · CIK: 1658566
Sentiment: neutral
Topics: debt, financial-obligation, filing
Related Tickers: PRM
TL;DR
PRM filed an 8-K on 8/28/25 about financial obligations - check for acceleration/increases.
AI Summary
On August 28, 2025, Permian Resources Corporation filed an 8-K to report triggering events that accelerate or increase a direct financial obligation or an obligation under an off-balance sheet arrangement. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates potential changes or accelerations in Permian Resources' financial obligations, which could impact its financial health and investor confidence.
Risk Assessment
Risk Level: medium — Filings related to financial obligations can signal potential financial distress or significant changes in a company's debt structure.
Key Players & Entities
- Permian Resources Corporation (company) — Registrant
- August 28, 2025 (date) — Date of earliest event reported
FAQ
What specific financial obligations are being accelerated or increased by Permian Resources Corp?
The filing indicates triggering events that accelerate or increase a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of these obligations are not provided in the provided text.
What is the nature of the financial statements and exhibits filed with this 8-K?
The filing states that financial statements and exhibits are included, but their specific content is not detailed in the provided text.
When was the earliest event reported in this 8-K?
The earliest event reported in this 8-K was on August 28, 2025.
What is Permian Resources Corporation's state of incorporation and fiscal year end?
Permian Resources Corporation is incorporated in Delaware and its fiscal year ends on December 31.
Has Permian Resources Corporation undergone any previous name changes?
Yes, Permian Resources Corporation was formerly known as Centennial Resource Development, Inc. (name change effective October 19, 2016) and Silver Run Acquisition Corp (name change effective November 17, 2015).
Filing Stats: 1,346 words · 5 min read · ~4 pages · Grade level 11.2 · Accepted 2025-08-28 16:01:23
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share PR The New York Stock Exc
- $1,000 — hares of the Company's common stock per $1,000 principal amount of Notes. However, the
- $1,014.53 — to a Redemption Price of approximately $1,014.53 per $1,000 principal amount of any Note
Filing Documents
- d83141d8k.htm (8-K) — 33KB
- d83141dex991.htm (EX-99.1) — 13KB
- 0001193125-25-191221.txt ( ) — 163KB
- pr-20250828.xsd (EX-101.SCH) — 3KB
- pr-20250828_lab.xml (EX-101.LAB) — 18KB
- pr-20250828_pre.xml (EX-101.PRE) — 11KB
- d83141d8k_htm.xml (XML) — 4KB
From the Filing
8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 28, 2025 PERMIAN RESOURCES CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-37697 47-5381253 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 300 N. Marienfeld St. , Suite 1000 Midland , Texas 79701 (Address of principal executive offices, including zip code) (432) 695-4222 (Registrant's telephone number, including area code) Not applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share PR The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item2.04. Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. On August 28, 2025, Permian Resources Operating, LLC (the " Issuer "), a consolidated subsidiary of Permian Resources Corporation (the " Company "), issued a notice (the " Redemption Notice ") to holders of the Issuer's 3.25% Exchangeable Senior Notes due 2028 (the " Notes ") calling for redemption (the " Redemption ") of all outstanding Notes. A copy of the Redemption Notice is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 2.04. Notes that are called for Redemption may be submitted for exchange at any time before the close of business on the second business day immediately before September 12, 2025 (the " Redemption Date ") (or, if the Issuer fails to pay the Redemption Price (as defined below) due on the Redemption Date in full, at any time until such time as the Issuer pays the Redemption Price in full). Notes that are exchanged after they are called for Redemption will be settled in shares of the Company's common stock (together with cash in lieu of any fractional share) at the conversion rate. As of the date of the Redemption Notice, the exchange rate of the Notes is 176.6910 shares of the Company's common stock per $1,000 principal amount of Notes. However, the sending of the Redemption Notice constitutes a "make-whole fundamental change" (as defined in the First Supplemental Indenture referred to below) with respect to the Notes called for Redemption, and, pursuant to such First Supplemental Indenture, the exchange rate applicable to Notes called for Redemption that are exchanged during the period beginning on, and including, the date of the Redemption Notice and ending on, and including, the second business day immediately before the Redemption Date will be increased to 179.9208 shares of the Company's common stock per $1,000 principal amount of Notes. On the Redemption Date, all then-outstanding Notes that are called for Redemption and have not been submitted for exchange will be repurchased for cash at a price (the " Redemption Price ") equal to the principal amount of such Notes plus accrued and unpaid interest on such Notes to, but excluding, the Redemption Date, which equates to a Redemption Price of approximately $1,014.53 per $1,000 principal amount of any Note called for Redemption. The Notes are governed by an indenture (the " Base Indenture "), dated as of March 19, 2021, between the Issuer and UMB Bank, N.A., as trustee (the " Trustee "), as supplemented by that certain first supplemental indenture (the " First Supplemental Indenture "), dated as of March 19, 2021, among the Issuer, the Company, the subsidiary guarantors named therein, and the Trustee, that certain second supplemental indenture (the " Second Supplemental Indenture ") dated as of Septe