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Vital Energy, Inc. - Tender Offer 2024 (US) - Launch

Vital Energy Commences Tender Offers For a Portion of Its Senior Notes Due 2028 and Its Senior Notes Due 2030 - US516806AG11 - US516806AJ59

15 FEBRUARY 2024

Full announcement including disclaimers and offer/distribution restrictions available via Globenewswire: Source: Vital Energy, Inc.

TULSA, OK, March 14, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced that it has commenced cash tender offers (the “Tender Offers”) to purchase for cash up to $550.0 million aggregate principal amount (the “Aggregate Maximum Tender Amount”) of the outstanding notes listed in the table below, provided that the Company will not accept for purchase more than $475.0 million (the “2028 Cap”) of its 10.125% senior notes due 2028 (the “2028 Notes”) and $75.0 million (the “2030 Cap” and, together with the 2028 Cap, the “Series Caps”) of its 9.750% senior notes due 2030 (the “2030 Notes” and, together with the 2028 Notes, the “Tender Notes”), subject to certain conditions.

The terms and conditions of the Tender Offers are described in an Offer to Purchase, dated March 14, 2024 (the “Offer to Purchase”). Vital Energy intends to fund the purchase of Tender Notes with the net proceeds from Vital Energy’s concurrent offering of $575.0 million aggregate principal amount of senior notes due 2032 (the “New Notes”), which was also announced by Vital Energy today, together with existing corporate liquidity, if needed. The following table sets forth certain terms of the Tender Offers:



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