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Magnolia Oil & Gas Operating LLC Announces Pricing of Offering of $500 Million Senior Notes

  • Magnolia Oil & Gas Operating LLC & Finance Corp. priced a $500 million private offering of 6.625% senior unsecured notes due 2034.
  • Closing of the Notes Offering is expected on August 5, 2026, subject to customary conditions.
  • Net proceeds from the notes, combined with stock sale proceeds from July 22, 2026, credit facility borrowings, & cash on hand will fund the acquisition of 100% of WildFire Intermediate Holdings LLC.
  • The notes are offered solely to qualified institutional buyers under Rule 144A & to non-U.S. persons under Regulation S, exempt from Securities Act registration.
  • Magnolia operates primarily in South Texas within the Eagle Ford Shale & Austin Chalk formations, focusing on steady production growth & free cash flow.
  • Forward-looking statements regarding the acquisition & offering are qualified by risks including oil price volatility, regulatory changes, geopolitical conditions, & cybersecurity threats.
  • Contact information for investors & media is available via Tom Fitter, Art Pike, & Christina Kuhl.