Diamondback Energy prices $650M 6.250% Senior Notes due 2053

Diamondback Energy, Inc.

Issued $650M aggregate principal of 6.250% senior notes maturing March 15, 2053 at 99.985% of par.
Net proceeds ~$642.1M; expected closing December 13, 2022.
Proceeds for general corporate purposes, including Lario Permian acquisition cash consideration.
Notes are senior unsecured obligations, guaranteed by Diamondback E&P LLC.
Offering via shelf registration; joint book-runners: TD Securities, Citigroup, Truist Securities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Diamondback Energy, Inc. entered into Underwriting Agreement with TD Securities (USA) LLC, Citigroup Global Markets Inc. and Truist Securities, Inc. valued at $650,000,000 (effective 2022-11-29).

Action: entry
Agreement: underwriting
Counterparty: TD Securities (USA) LLC, Citigroup Global Markets Inc. and Truist Securities, Inc.
Value: $650,000,000
Effective: 2022-11-29

Exact text from the filing

On November 29, 2022, Diamondback Energy, Inc. (the “ Company ”), entered into an Underwriting Agreement (the “ Underwriting Agreement ”), by and among the Company, as the issuer, Diamondback E&P LLC, as the guarantor (“ E&P ”), and TD Securities (USA) LLC, Citigroup Global Markets Inc. and Truist Securities, Inc., as representatives of the several underwriters named therein (collectively, the “ Underwriters ”), providing for the issuance and sale of $650,000,000 aggregate principal amount of the Company’s 6.250% Senior Notes due 2053 (the “ New Notes ”).

View on SEC.gov

273 material agreements filed in the last 30 days. Browse all material agreements →

Diamondback Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001539838-22-000177

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.