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Diamondback To Raise $1.1 Billion With Senior Notes

Diamondback To Raise $1.1 Billion With Senior Notes

October 17, 2022 -- Diamondback Energy announced on Monday that it's priced an offering of $1.1 billion in aggregate principal amount of 6.250% senior notes, to mature on March 15, 2033 (price to the public is 99.572% of the principal amount). The company says it intends to use the net proceeds to fully fund the redemption of all of Rattler Midstream LP’s outstanding 5.625% Senior Notes due 2025 and will also use proceeds for "general corporate purposes, including, without limitation, paying a portion of the cash consideration for the pending acquisition of certain oil and natural gas assets from FireBird Energy LLC upon closing (if it occurs)"....  
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