Viper Energy Partners launches $400M offering of senior notes
Viper Energy Partners (NASDAQ:VNOM), a subsidiary of Diamondback Energy (NASDAQ:FANG) on Thursday proposed to offer $400M aggregate principal amount of its senior notes due 2031.
The notes will be issued under a new indenture and will rank equally with Viperâs other senior indebtedness.

Viper intends to loan the proceeds from the offering to pay a portion of cash consideration for pending acquisition of the right, title and interest in, and to certain mineral interests, overriding royalty interests and others of Royalty Asset Holdings, Royalty Asset Holdings II, and Saxum Asset Holdings, in the Permian Basin, primarily in the Midland and Delaware basins, and other major basins.
The notes will be senior unsecured obligations of Viper, initially will be guaranteed on a senior unsecured basis by OpCo, Viperâs sole subsidiary, and will pay interest semi-annually.
Source: Press Release



More on Viper Energy

Why We Are Loading Up On This Big Yield: Viper Energy
Viper Energy Partners: Moderate Production Growth Expected To Continue
Seeking Alphaâs Quant Rating on Viper Energy