Diamondback Energy Inc.
Description
Priced a public offering of 4.75% senior notes due 2025 at 100% of the principal amount. Proceeds will be used to make an equity contribution to Energen Corp. in order to fund the purchase 2021 notes plus cover fees and expenses of the tender offer, to repay a portion of the outstanding borrowings under the revolving credit facility of Diamondback O&G LLC and for general corporate purposes. J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Wells Fargo Securities LLC are joint book-running managers.