Sitio Royalties Prices Upsized $600M Offering Of Senior Notes Due 2028
Portfolio Pulse from Benzinga Newsdesk
Sitio Royalties has priced an upsized $600M offering of senior notes due 2028. The notes will accrue interest at a rate of 7.875% per annum and were priced at par.
September 27, 2023 | 5:49 am
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NEUTRAL IMPACT
Sitio Royalties' upsized offering of senior notes may impact the stock price of STR.
The upsized offering of senior notes by Sitio Royalties could potentially impact the stock price of STR. However, the exact impact is uncertain as it depends on various factors such as market conditions and investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50