debt
confidence high
sentiment neutral
materiality 0.50
Diamondback Energy, Inc. (FANG): debt financing — Diamondback Energy closes $1.2B offering of 5.550% Senior Notes due 2035
Diamondback Energy, Inc.
- Issued $1,200,000,000 aggregate principal of 5.550% Senior Notes maturing 2035.
- Notes are senior unsecured and rank equally with Diamondback's existing senior debt.
- Diamondback E&P LLC guarantees the Notes as a subsidiary guarantor.
- Optional redemption at make-whole premium prior to Jan 1, 2035; at par thereafter.
- Offering closed March 20, 2025; terms set by Third Supplemental Indenture.