m_and_a
confidence high
sentiment neutral
materiality 0.85
Viper Energy completes Sitio Royalties merger; exchange ratio 0.4855
Viper Energy, Inc.
- Effective Aug 19, 2025: Sitio shareholders get 0.4855 Viper shares per Sitio share; Viper shares convert 1:1.
- New Viper becomes successor issuer under Rule 12g-3(c); retains VNOM ticker on Nasdaq, new CUSIP 64361Q101.
- New Viper guarantees $500M 4.900% senior notes due 2030 and $1.1B 5.700% senior notes due 2035.
- Issued ~73.3M Viper Opco Units and ~193.1M Class B shares (exchangeable 1:1 into Class A).
- Board and executive officers unchanged from Former Viper; compensation plan and indemnification agreements adopted.
item 1.01item 2.01item 2.03item 8.01item 3.02item 3.03item 5.02item 5.03item 7.01item 9.01