VNOM - Viper Energy Partners LP a Subsidiary of Diamondback Energy Inc. Launches $400 Million Offering of Senior Notes | Benzinga
MIDLAND, Texas, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ:VNOM) ("Viper"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), announced today that it proposes to offer, subject to market conditions and other factors, $400 million aggregate principal amount of its senior notes due 2031 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act (the "Notes Offering"). The Notes will be issued under a new indenture and will rank equally with Viper's other senior indebtedness.
Viper intends to loan the proceeds from the Notes Offering to Viper Energy Partners LLC ("OpCo") to pay a portion of the cash consideration for the pending acquisition of the right, title ...