GlobeNewswire·Apr 13, 2026, 9:04 AM ET

Diamondback Energy, Inc. Announces Results of Tender Offers for Any and All of its Outstanding 4.400% Senior Notes due 2051 and 4.250% Senior Notes due 2052

Diamondback Energy announced the expiration of its cash tender offers for 4.400% Senior Notes due 2051 & 4.250% Senior Notes due 2052 at 5:00 p.m. New York City time on April 10, 2026.
$776,763,000 aggregate principal amount of Notes was validly tendered by the expiration date, excluding $35,919,000 submitted via guaranteed delivery procedures.
Of the total tendered, $282,858,000 consisted of 2051 Notes & $493,905,000 consisted of 2052 Notes.
The consideration for accepted 2051 Notes is $825.60 per $1,000 principal amount, while the consideration for 2052 Notes is $802.42 per $1,000 principal amount.
Accepted holders will receive accrued & unpaid interest in addition to the principal consideration.
Settlement for standard accepted Notes is expected on April 13, 2026, with settlement for guaranteed delivery Notes expected on April 15, 2026.
TD Securities, BofA Securities, Citigroup, & Wells Fargo Securities serve as dealer managers for the offers.
D.F. King & Co., Inc. acted as the tender & information agent for the transaction.