Diamondback Energy Prices Offering of Senior Notes
Diamondback intends to use the net proceeds from the offering (i) to fund the purchase prices for the tender offers (the “Tender Offers”) of any and all of Diamondback’s outstanding 5.375% Senior Notes due 2025 (the “2025 Notes”) and any and all of QEP Resources, Inc.’s outstanding 5.375% Senior Notes due 2022 (the “QEP 2022 Notes”), 5.250% Senior Notes due 2023 (the “QEP 2023 Notes”) and 5.625% Senior Notes due 2026 (the “QEP 2026 Notes”) and to pay any applicable premiums therefor, the accrued and unpaid interest thereon and fees and expenses of the Tender Offers and the related consent solicitations and (ii) for general corporate purposes. The offering is expected to close on
The Notes will be sold in a registered offering pursuant to an effective shelf registration statement on Form S-3ASR that was previously filed with the
Goldman Sachs & Co.
This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering of the Notes may only be made by means of a prospectus supplement and related base prospectus. This press release is neither an offer to purchase nor a solicitation of an offer to sell the 2025 Notes, the QEP 2022 Notes, the QEP 2023 Notes or the QEP 2026 Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
Diamondback is an independent oil and natural gas company headquartered in
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than historical facts, that address activities that Diamondback assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. The forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. These forward-looking statements involve certain risks and uncertainties that could cause the results to differ materially from those expected by the management of Diamondback. Information concerning these risks and other factors can be found in Diamondback’s filings with the
Source: Diamondback Energy, Inc.