Magnolia Oil & Gas plans to fund WildFire Intermediate acquisition with USD 23.75-share offering proceeds
MGY•Funding plan and expected closing
Funding plan also includes new senior notes, revolving credit facility borrowings, and cash on hand; closing is targeted for July 22, 2026.
Offering proceeds to help fund acquisition
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.
