Parsley Energy LLC
Description
With Parsley Finance Corp., the subsidiary of Parsley Energy Inc. priced the private placement of senior unsecured notes due 2025 upsized by $50 million. They will mature on January 15, 2025. Some of the net proceeds will buy back outstanding 7.500% senior unsecured notes due 2022 pursuant to a tender offer. They will also redeem any outstanding 2022 notes and support general corporate purposes.