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Permian Resources Corp (NYSE:PR) announced Thursday that its subsidiary, Permian Resources Operating, LLC, has entered into the Tenth Amendment to its Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders. The amendment, dated October 24, 2025, maintains the company’s borrowing base at $4.0 billion and keeps the aggregate elected revolving commitments at $2.5 billion.
According to the company’s statement, the amendment introduces a new borrowing base utilization pricing grid that applies when the company has an index debt rating of BBB- or better from Fitch Ratings, Inc. It also allows for reduced interest rates during periods when Permian Resources holds an investment grade rating—defined as Baa3/BBB- or better from Moody’s Investors Service, Inc. or Standard & Poor’s Rating Service, respectively. These adjusted rates remain in effect until the company either elects otherwise or its ratings fall below Ba1 from Moody’s and BB+ from S&P.
The filing states that the amendment is part of ongoing efforts to manage the company’s capital structure and financing terms. The information is based on a press release statement and a filing with the Securities and Exchange Commission.
Permian Resources Corp is headquartered in Midland, Texas, and its Class A Common Stock trades on the New York Stock Exchange under the symbol PR.
In other recent news, Permian Resources Corporation has been the subject of several noteworthy developments. UBS has reiterated its Buy rating and set a $17.00 price target for the company, citing solid execution throughout 2025 and anticipating strong operational updates in the upcoming third-quarter earnings report. Additionally, Permian Resources announced the pricing of an underwritten public offering of 46.1 million shares of its Class A common stock at $13.53 per share. This offering is facilitated by affiliates of Pearl Energy Investments and Riverstone Investment Group LLC, with Permian Resources not selling any shares or receiving proceeds from the transaction.
Furthermore, the company registered shares for potential exchange related to its 3.25% exchangeable senior notes due in 2028. These shares, which may be issued upon the exchange of the notes, have been registered under a Form S-3 filed with the Securities and Exchange Commission. The public offering is expected to close on September 16, 2025, subject to customary closing conditions. These activities reflect ongoing strategic financial maneuvers by Permian Resources, as observed through recent filings and announcements.
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