Magnolia Oil & Gas plans to fund WildFire Intermediate acquisition with USD 23.75-share offering proceeds

Reuters2026/07/21 01:39

By:Reuters

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Magnolia Oil & Gas priced a public offering of 46,315,790 Class A shares at USD 23.75, with a 30-day upsize option for 6,947,368 shares.
Net proceeds are slated to help fund cash consideration for Magnolia Operating’s planned purchase of WildFire Intermediate Holdings from WildFire Energy I.
Funding plan also includes new senior notes, revolving credit facility borrowings, cash on hand; closing targeted for July 22, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnolia Oil & Gas Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260720643859) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Magnolia Oil & Gas plans to fund WildFire Intermediate acquisition with USD 23.75-share offering proceeds

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