- Diamondback Energy (NASDAQ:FANG) said on Tuesday it had priced an offering of $850M of 5.200% senior notes that will mature on April 18, 2027, $850M of 5.150% senior notes that will mature on January 30, 2030, $1.3B of 5.400% senior notes that will mature on April 18, 2034, $1.5B of 5.750% senior notes that will mature on April 18, 2054, and $1B of 5.900% senior notes that will mature on April 18, 2064.
- The price to the public is 99.956% of the principal amount for the 2027 Notes, 99.830% of the principal amount for the 2030 Notes, 99.679% of the principal amount for the 2034 Notes, 99.957% of the principal amount for the 2054 Notes and 99.954% of the principal amount for the 2064 Notes.
- The company plans to use the offering proceeds for general corporate purposes.
- The notes offering is expected to close on April 18, 2024, FANG added.
- Press Release
