 HOUSTON, May 05, 2021 GLOBE NEWSWIRE -- Penn Virginia Corporation Penn Virginia NASDAQ: PVAC today announced that, subject to market conditions and other factors, its indirect, wholly owned subsidiary Penn Virginia Holdings, LLC intends to offer 350 million aggregate principal amount of senior unsecured notes due 2028 the Notes. Penn Virginia intends to use the proceeds from the offering to fully repay and terminate its second lien term loan, to repay a portion of outstanding borrowings under its reserve based revolving credit facility and to pay related fees and expenses. 