Diamondback Energy Completes $4.5 Billion Senior Notes Offering

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completed its previously announced underwritten public offering of $4.5 billion aggregate principal amount of its Senior Notes due between 2027 and 2064. The Notes were issued under the company's Indenture with Computershare Trust Company, National Association as trustee. The offering included various series of notes with different maturities and interest rates, and Diamondback has the option to redeem the notes under certain conditions, including a special mandatory redemption related to its pending acquisition of Endeavor Parent, LLC. A legal opinion on the legality of the Notes was filed as part of the offering.

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About Diamondback Energy Inc.

Diamondback Energy Inc. is a publicly traded company that engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas. Its primary function is to extract hydrocarbon resources, which includes both crude oil and natural gas, through advanced drilling and recovery techniques. Diamondback Energy leverages its extensive portfolio of assets across the prolific Permian Basin, which is renowned for its rich oil and gas deposits and low-cost production benefits. The company plays a significant role in the energy sector by providing essential natural resources that fuel modern economies. Its strategic focus on high-margin assets and efficient operational practices make it a notable player in the United States energy market. Diamondback's operations impact sectors involved in energy supply, industrial production, and transportation. Headquartered in Midland, Texas, Diamondback Energy is committed to sustainable growth and maximizing shareholder value, ensuring its ongoing contribution to the energy landscape and the broader commodities market.