OKLAHOMA CITY, May 1, 2017 /PRNewswire/ — Permian Resources, LLC (together with its subsidiaries, “Permian Resources” or the “Company”), today announced that it has entered into a series of definitive agreements with funds managed by affiliates of The Energy & Minerals Group (“EMG”), OnyxPoint Global Management LP (“OnyxPoint”), Sable Management, LLC (“Sable”) and other investors that provide for the purchase of $744 million at the closing of newly-issued common equity interests (the “Equity Financing”) of PRES New Equity LLC, a newly-created entity that will become an ultimate parent holding company of PRES Holdings, LLC (“PRES”).
In connection with the Equity Financing, funds affiliated with OnyxPoint have a…
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