Diamondback Energy said it completed its previously announced underwritten public offering (the Notes Offering) on March 20, 2025 and issued $1,200,000,000 in aggregate principal amount of its 5.550% Senior Notes due 2035.

1. 01

   Diamondback Energy said it completed its previously announced underwritten public offering (the Notes Offering) on March 20, 2025 and issued $1,200,000,000 in aggregate principal amount of its 5.550% Senior Notes due 2035.

2. 02

   The company said the Notes and the guarantee by Diamondback E&P LLC are senior unsecured obligations that rank equally in right of payment with existing and future senior debt. This includes the existing senior notes and the debt under E&P's revolving credit facility and term loan facility.

3. 03

   Diamondback said it may redeem the Notes in whole or in part before January 1, 2035 (the Par Call Date) at a redemption price calculated as set forth in the indenture. After the Par Call Date, it said it may redeem the Notes at a price equal to 100% of the principal amount being redeemed, plus unpaid interest.

4. 04

   The company said the indenture contains customary terms, including limits on liens securing funded debt of the company and certain subsidiaries, and limits on mergers and on sales, conveyances, transfers or leases of all or substantially all of its assets.

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Original filing

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