secwatch.observer — SEC 8-K summary
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Issuer:     VNOM Sub, Inc. (—)
CIK:        0001602065
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001602065-23-000076
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viper Energy closes $400M 7.375% Senior Notes due 2031; proceeds for pending acquisition
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- Issued $400M aggregate principal of 7.375% Senior Notes due November 1, 2031.
- Interest payable semi-annually on May 1 and Nov 1, first payment May 1, 2024.
- Proceeds loaned to operating subsidiary Viper Energy Partners LLC to fund portion of pending Permian Basin mineral acquisition.
- If pending acquisition not closed by Dec 29, 2023, Partnership must redeem all notes at initial offer price plus accrued interest.
- Notes are senior unsecured, rank pari passu with existing senior debt; parent Diamondback Energy not guaranteeing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1602065/000160206523000076/0001602065-23-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1602065/000160206523000076/vnom-20231019.htm
  HTML page:      https://secwatch.observer/filing/0001602065-23-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer