Parex Resources Announces Private Offering of US$500 Million Senior Notes

CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) -- Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce that it has agreed to issue US$500 million aggregate principal amount of senior unsecured notes due 2031 (the “Notes”) in a private placement offering (the “Offering”). The Notes were priced at par and will bear interest at a rate of 8.50% per annum and mature on May 11, 2031.