Diamondback Energy prices $1.2B of 5.550% senior notes due 2035; proceeds for Double Eagle acquisition

Diamondback Energy, Inc.

Issued $1.2B aggregate principal of 5.550% senior notes maturing April 1, 2035 at 99.937% of par.
Net proceeds ~$1.19B; used for general corporate purposes including cash portion of pending Double Eagle IV Midco acquisition.
Notes are senior unsecured obligations ranking equally with existing and future senior debt; closing expected March 20, 2025.
Underwriting syndicate led by BofA Securities, Barclays, PNC Capital Markets, and TD Securities.

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