Vital Energy, Inc. announced that it has amended its previously announced cash tender offer for its 9.750% senior notes due 2030. The Company is amending (i) the maximum amount of 2030 Notes it will repurchase in the Tender Offer from $100,000,000 aggregate principal amount to $197,636,000 aggregate principal amount and (ii) the expiration date of the Tender Offer on April 16, 2024. Accordingly, subject to completion of its previously announced offering of additional 7.875% senior notes due 2032, the Company will accept all 2030 Notes that were tendered and not withdrawn prior on March 27, 2024 and settle such 2030 Notes tendered and not withdrawn prior to the Early Tender Date on April 3, 2024.

Because the Tender Offer for the 2030 Notes, as amended, was fully subscribed by the Early Tender Date, no 2030 Notes tendered after the Early Tender Date will be accepted for purchase in the Tender Offer. Consummation of the increased Tender Offer and the extension of the expiration date of the Tender Offer set in this PR is subject to completion of the additional notes offering on April 3, 2024. If the additional notes offering is not completed on April 3, 2024, then the Company will purchase in the Tender Offer only the initial $100,000,000 aggregate principal amount of the 2030 Notes tendered prior to the Early Tender Date, based on a proration factor of 50.72%.