debt
confidence high
sentiment neutral
materiality 0.55
Diamondback launches tender offer for up to $991.7M of senior notes due 2051/2052
Diamondback Energy, Inc.
- Tender offer for any and all of $386.4M 4.400% notes due 2051 and $605.3M 4.250% notes due 2052.
- Fixed spread of 80 bps over 4.625% UST due 2055; consideration set on April 10, 2026.
- Expiration date: April 10, 2026 at 5 p.m. NYC; settlement expected April 13, 2026.
- Dealer managers: TD Securities, BofA Securities, Citigroup, and Wells Fargo Securities.
- Tender and information agent: D.F. King & Co.; no minimum principal condition.
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