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Diamondback Energy tenders for 7 5/8% senior notes due 2021
New York, Oct. 21 – Diamondback Energy, Inc. began a tender offer for its $450 million of 7 5/8% senior notes due 2021.
The company is offering to pay $1,059.69 per $1,000 principal amount plus accrued interest up to but excluding the settlement date, according to a news release.
The tender ends at 5 p.m. ET on Oct. 27, and settlement is scheduled for the following day.
Completion of a planned debt financing is a condition to the tender. Diamondback priced $500 million of 4¾% senior notes due 2024 at par on Thursday.
J.P. Morgan Securities LLC (866 834-4666 or 212 834-4811) is dealer manager. D.F. King & Co., Inc. (800 864-1460, 212 269-5550 or www.dfking.com/fang) is information agent.
Diamondback Energy is a Midland, Texas, oil and natural gas company.
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