Diamondback Energy in its public offering of senior unsecured notes

On April 9, 2024, Diamondback Energy, Inc. priced a registered public offering of $5.5 billion aggregate principal amount of senior unsecured notes.  Diamondback intends to use the net proceeds from the notes offering for general corporate purposes, including paying a portion of the cash consideration for the pending acquisition of Endeavor Energy Resources, repaying certain debt of Endeavor and/or its subsidiaries and paying fees and expenses related thereto.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Diamondback.