Diamondback Energy closes $650M offering of 6.250% Notes due 2053

Diamondback Energy, Inc.

Issued $650M aggregate principal amount of 6.250% Notes due 2053.
Notes are unsecured senior obligations, ranking equally with existing senior debt.
Notes redeemable at make-whole price before Sep 15, 2052, at par thereafter.
Fully and unconditionally guaranteed on a senior unsecured basis by Diamondback E&P LLC.
Indenture includes customary covenants limiting liens and mergers.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Diamondback Energy, Inc. entered into Indenture with Computershare Trust Company, National Association valued at $650,000,000 (effective 2022-12-13).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, National Association
Value: $650,000,000
Effective: 2022-12-13

Exact text from the filing

On December 13, 2022, the New Notes were issued pursuant to the Indenture (the “Base Indenture”), dated as of December 13, 2022, between the Company and Computershare Trust Company, National Association (the “Trustee”), as trustee, as supplemented by the First Supplemental Indenture, dated as of December 13, 2022 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among the Company, Diamondback E&P LLC (the “Guarantor”), as guarantor, and the Trustee, setting forth specific terms applicable to the New Notes.

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Diamondback Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-126629

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