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

Vital Energy Announces Increase in Tender Cap for Senior Notes Due 2030 - US516806AG11 - US516806AJ59

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01 APRIL 2024

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

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"TULSA, OK, April 01, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc., a Delaware corporation (NYSE: VTLE) (“Vital Energy” or the “Company”), today announced that it has amended its previously announced cash tender offer (the “Tender Offer”) for its 9.750% senior notes due 2030 (the “2030 Notes”).

The Company is amending (i) the maximum amount of 2030 Notes it will repurchase in the Tender Offer from $100,000,000 aggregate principal amount to $197,636,000 aggregate principal amount and (ii) the expiration date of the Tender Offer to 5:00 p.m., New York City time, on April 16, 2024.

Accordingly, subject to completion of its previously announced offering of additional 7.875% senior notes due 2032, the Company will accept all 2030 Notes that were tendered and not withdrawn prior to 5:00 p.m., New York City time, on March 27, 2024 (the “Early Tender Date”) and settle such 2030 Notes tendered and not withdrawn prior to the Early Tender Date on April 3, 2024. Because the Tender Offer for the 2030 Notes, as amended, was fully subscribed by the Early Tender Date, no 2030 Notes tendered after the Early Tender Date will be accepted for purchase in the Tender Offer. Consummation of the increased Tender Offer and the extension of the expiration date of the Tender Offer set forth in this press release is subject to completion of the additional notes offering on April 3, 2024. If the additional notes offering is not completed on April 3, 2024, then the Company will purchase in the Tender Offer only the initial $100,000,000 aggregate principal amount of the 2030 Notes tendered prior to the Early Tender Date, based on a proration factor of 50.72%.

Except as stated in this press release, no other terms of the Tender Offers have changed. The complete terms and conditions of the Tender Offer is described in the Offer to Purchase, copies of which may be obtained from Global Bondholder Services Corporation (“GBS”), the Depositary and Information Agent, by calling (212) 430-3774 (banks and brokers) or (855) 654-2014 (all others), or visiting http://www.gbsc-usa.com/vital online."

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

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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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