Viper Energy Partners prices $400M offering of 7.375% senior notes
Viper Energy Partners (NASDAQ:VNOM), a subsidiary of Diamondback Energy (NASDAQ:FANG) on Thursday said it has priced at par an offering of $400M aggregate principal amount of its 7.375% Senior Notes due 2031.
Net proceeds to Viper from the notes offering will be about $394.4 million.

The notes will be issued under a new indenture and will rank equally with Viperâs other senior indebtedness.
The notes offering is expected to close on October 19.
Viper intends to loan the proceeds from the offering to Viper Energy Partners ((OpCo)) to pay a portion of the cash consideration for pending acquisition of 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.
Source: Press Release



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