debt
confidence high
sentiment neutral
materiality 0.60
Viper Energy Prices $1.6B Senior Notes: $500M 4.9% 2030 & $1.1B 5.7% 2035; proceeds for debt redemption
VNOM Sub, Inc.
- $500M 4.900% senior notes due 2030 priced at 99.902%; $1.1B 5.700% notes due 2035 priced at 99.636%.
- Net proceeds ~$1.58B to redeem Viper's 5.375% 2027 and 7.375% 2031 notes; also to redeem Sitio's 7.875% 2028 notes if acquisition closes.
- Notes are senior unsecured obligations of Viper Energy Partners LLC, guaranteed by Viper Energy and (post-Sitio) New Cobra Pubco.
- Offering expected to close July 23, 2025; joint book-runners: Goldman Sachs, Barclays, BofA, Wells Fargo.
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