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Diamondback Energy, Inc. Announces Launch of Tender Offers for Any and All of its Outstanding 4.400% Senior Notes due 2051 and 4.250% Senior Notes due 2052
MIDLAND, Texas, April 06, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (the “Company” or “Diamondback”) today announced the commencement
About this update from Diamondback Energy, Inc.
[{"type":"text","content":"MIDLAND, Texas, April 06, 2026 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (the “Company” or “Diamondback”) today announced the commencement of tender offers to purchase for cash any and all of the Senior Notes issued by the Company listed in the table below (collectively, the “Notes”). The tender offers (the “Offers”) are being made pursuant to the Offer to Purchase, dated April 6, 2026 (as may be amended or supplemented from time to time, the “Offer to Purchase”), and its accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”). Offers to Purchase for Cash Any and All of Diamondback Energy, Inc.’s Senior Notes Described in the Table Below Title of SecurityCUSIP / ISIN(1)Aggregate Principal Amount OutstandingU.S. Treasury Reference Security(2)Bloomberg Reference Page(2)FixedSpread(3)4.400% Senior Notes due 2051CUSIP: 25278XAQ2ISIN: US25278XAQ25$386,412,0004.625% UST due November 15, 2055FIT180 bps4.250% Senior Notes due 2052CUSIP: 25278XAT6ISIN: US25278XAT63$605,258,0004.625% UST due November 15, 2055FIT180 bps _________________________________ (1) No representation is made as to the correctness or accuracy of the CUSIP numbers and ISINs listed herein. Such information is provided solely for the convenience of the Holders (as defined below) of the Notes. (2) The consideration (the “Consideration”) payable per $1,000 principal amount of Notes validly tendered and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to the applicable fixed spread specified in the table above plus the yield to maturity of the applicable U.S. Treasury Reference Security specified in the table above based on the bid-side price of such Reference Security on the applicable Reference Page specified in such table at 2:00 p.m., New York City time, on April 10, 2026 (as such date and time may be extended). The calculation of the Consideration may be performed to either the maturity date or the par call date for the Notes, as applicable, in accordance with standard market practice. The Consideration does not include Accrued Interest (as defined below), which will be paid on Notes accepted for purchase by us. (3) In addition to the Consideration, holders (each a “Holder” and, collectively, the “Holders”) of Notes accepted for purchase pursuant to the Offers, including ...