Magnolia Oil & Gas Announces $500M Senior Notes Priced at 6.625%

What Happened Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp. (the Issuers) announced on July 22, 2026 that they priced a previously announced private offering of $500 million aggregate principal amount of 6.625% senior unsecured notes due 2034. The announcement was made via a press release attached to the Form 8-K as Exhibit 99.1 and was issued in accordance with Rule 135c under the Securities Act.

Key Details

• Offering size: $500,000,000 aggregate principal amount.
• Coupon (interest rate): 6.625% per annum.
• Maturity: Notes due in 2034.
• Issuers: Magnolia Oil & Gas Operating LLC and Magnolia Oil & Gas Finance Corp.; notes are senior unsecured.
• Filing note: Press release attached as Exhibit 99.1; disclosure states the filing is not an offer to sell the notes.

Why It Matters This transaction increases the Issuers’ senior unsecured debt by $500 million at a fixed 6.625% interest rate, which will affect future interest expense and the company’s debt profile through 2034. For investors, key things to watch are how management uses the proceeds (if disclosed in future filings), any changes to leverage metrics in upcoming reports, and the company’s ability to service the additional fixed-rate debt over time.