---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-009880"
form_type: "8-K"
ticker: "FANG"
cik: "0001539838"
company_name: "Diamondback Energy, Inc."
filed_at: "2025-03-21T23:59:59+00:00"
generated_at: "2026-05-24T08:40:35.877292+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Diamondback Energy enters $1.5B term loan to fund pending Double Eagle acquisition

## Summary
- $1.5B unsecured term loan facility entered on March 21, 2025 to fund part of Double Eagle acquisition cash consideration.
- Interest at SOFR or base rate plus margin based on credit ratings (SOFR + 1.125% to 2.000%).
- Facility matures two years after acquisition closing; undrawn until conditions satisfied.
- Amended revolving credit agreement to align reps and warranties with term loan.
- Commitment fees on undrawn amounts accrue 90 days after March 21, 2025.

## SEC filing metadata
- accession: 0001140361-25-009880
- form_type: 8-K
- ticker: FANG
- cik: 0001539838
- company_name: Diamondback Energy, Inc.
- filed_at: 2025-03-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539838/000114036125009880/0001140361-25-009880-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539838/000114036125009880/ef20045931_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-009880
- JSON: https://secwatch.observer/filing/0001140361-25-009880.json
- Plain text: https://secwatch.observer/filing/0001140361-25-009880.txt

## Key facts
- Debt Financings
  Diamondback Energy, Inc. incurred term loan of up to $1.5 billion with Bank of America, N.A., as administrative agent at alternate base rate or the adjusted Term SOFR rate, in each case, plus an applic maturing second anniversary of the Closing Date.
  - Instrument: term loan
  - Principal: up to $1.5 billion
  - Counterparty: Bank of America, N.A., as administrative agent
  - Rate: alternate base rate or the adjusted Term SOFR rate, in each case, plus an applic
  - Maturity: second anniversary of the Closing Date
  - Event: incurrence
  source text: The Term Loan Agreement provides the Borrower with the ability to borrow up to $1.5 billion on an unsecured basis to pay a portion of the cash consideration for the Acquisition and/or pay fees, costs and expenses related thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539838/000114036125009880/0001140361-25-009880-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.