Akin Gump Advises Diamondback Energy in $2.2 Billion Senior Notes Offering and Tender Offers for Up To $2.4 Billion of Outstanding Senior Notes

(Dallas) – Akin Gump advised Diamondback Energy, Inc. in an offering of an aggregate of $2.2 billion of senior notes. The offering included $650 million in aggregate principal amount of 0.900% senior notes that will mature on March 24, 2023, $900 million in aggregate principal amount of 3.125% senior notes that will mature on March 24, 2031, and $650 million in aggregate principal amount of 4.400% senior notes that will mature on March 24, 2051.

Akin Gump also advised Diamondback in tender offers for up to $800 million of senior notes previously issued by Diamondback and $1.6 billion in aggregate principal amount of senior notes issued by QEP Resources, Inc., which Diamondback acquired in a merger transaction that closed March 17, 2021. (Akin Gump also advised Diamondback in that transaction. To learn more, please click here.)

The combined Akin Gump teams on the senior notes offering and the tender offers included corporate partners Seth Molay, Alan Laves, John Goodgame, Matt Bivona and Rosa Testani; senior counsel Irina Maistrenko; counsel John Clayton and Katie Dinett; and associates Morgan Francy and Laura Lindsay Tatum. Partners Alison Chen and Jocelyn Tau handled tax aspects of the transactions.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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