Civitas Resources, Inc., a company listed on the NYSE under the ticker CIVI, announced its intention to offer $500 million in aggregate principal amount of senior unsecured notes due 2032. The offering is subject to market conditions and will be conducted as a private placement for eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933. The company plans to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its revolving credit facility. The notes will not be registered under the Securities Act or any state securities laws, and will be offered only to "qualified institutional buyers" or non-"U.S. persons" as defined under applicable securities laws.
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