Diamondback Energy in its $1.5 billion term loan facility and amendment of its $2.5 billion revolving credit facility, in connection with its acquisition of certain subsidiaries of Double Eagle IV Midco, LLC

On March 21, 2025, Diamondback Energy, Inc. announced that it and Diamondback E&P LLC entered into a $1.5 billion Term Loan Credit Agreement with Bank of America, N.A., as administrative agent, and amended their Revolving Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the respective lenders thereto, in connection with Diamondback’s acquisition of Double Eagle Energy Holdings.

Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Diamondback in connection with the acquisition financing.