debt
confidence high
sentiment neutral
materiality 0.70
Viper Energy issues $1.6B notes, redeems existing 2027/2031 notes, secures $500M term loan
VNOM Sub, Inc.
- Issued $500M 4.900% senior notes due 2030 and $1.1B 5.700% senior notes due 2035, both senior unsecured.
- Redeemed all outstanding 5.375% 2027 notes (Nov 1, 2025 redemption) and 7.375% 2031 notes (make-whole premium).
- Entered $500M unsecured term loan credit agreement; funding contingent on closing of the Sitio Royalties acquisition.
- Released subsidiary guarantees under the revolving credit facility upon notes offering closing.
- Proceeds to fund the Sitio acquisition and refinance existing debt, reducing near-term maturities.
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