Magnolia closes $1.1B equity raise, announces $500M notes offering to fund WildFire acquisition

Filed July 22, 2026 · Period ending July 22, 2026 · ~1 min read

Key Changes

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  Magnolia priced 46.3M shares at $23.75, raising $1.1B in gross proceeds; underwriters exercised full overallotment for additional 6.9M shares, bringing total gross proceeds to. Offering closed July 22, 2026.

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  Magnolia Operating and Finance Corp. announced intention to offer $500M in senior unsecured notes due 2034 through private placement to fund WildFire acquisition alongside equity proceeds, credit facility borrowings, and cash on hand.

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  Proceeds will fund acquisition of 100% of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC. Total acquisition price and other transaction terms not disclosed.

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