Diamondback Energy prices $5.5B senior notes offering to fund Endeavor acquisition

Diamondback Energy, Inc.

Priced $850M each of 2027 (5.200%) and 2030 (5.150%) notes; $1.3B 2034 (5.400%), $1.5B 2054 (5.750%), $1.0B 2064 (5.900%) notes.
Net proceeds estimated at ~$5.4B; intended to fund Endeavor cash consideration, repay certain Endeavor debt, and pay fees.
Closing expected April 18, 2024, subject to customary conditions; Citigroup, BofA, TD Securities are joint book-runners.
Notes are senior unsecured obligations, guaranteed by Diamondback E&P LLC, ranking equally with existing senior debt.

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