secwatch.observer — SEC 8-K summary
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Issuer:     Diamondback Energy, Inc. (FANG)
CIK:        0001539838
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001140361-24-019433
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539838/000114036124019433/0001140361-24-019433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539838/000114036124019433/ny20021341x17_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-019433

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