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

Magnolia Oil & Gas Corp. Class A

Magnolia Oil & Gas Corp. Class A

MGY

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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.

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