MIDLAND, Texas, April 13, 2026 (GLOBE NEWSWIRE) — Diamondback Power, Inc. (NASDAQ: FANG) (the “Company” or “Diamondback”) nowadays introduced the expiration and result of its gentle provides to buy for money any and all of its remarkable 4.400% Senior Notes due 2051 (the “2051 Notes”) and four.250% Senior Notes due 2052 (the “2052 Notes” and along with the 2051 Notes, the “Notes”). The gentle provides (the “Offers”) had been made below the Be offering to Acquire, dated April 6, 2026 (as is also amended or supplemented every now and then, the “Offer to Purchase”), and its accompanying realize of assured supply (the “Notice of Guaranteed Delivery”). Capitalized phrases used however no longer outlined on this press free up have the meanings given to them within the Be offering to Acquire. The Gives expired at 5:00 p.m., New York Town time, on April 10, 2026 (the “Expiration Date”).
In line with data supplied by means of D.F. King & Co., Inc., the Mushy and Knowledge Agent for the Gives, $776,763,000.00 mixture essential quantity of Notes had been validly tendered by means of the Expiration Date and no longer validly withdrawn. This quantity excludes $35,919,000.00 mixture essential quantity of Notes mirrored in Notices of Assured Supply below the assured supply procedures specified within the Be offering to Acquire (the “Guaranteed Delivery Procedures”) that had been submitted by means of the Expiration Date, all of which stay topic to efficiency of the supply necessities below the Assured Supply Procedures.
The desk underneath comprises details about the combination essential quantity of Notes referred to above damaged out between 2051 Notes and 2052 Notes.
Identify of SecurityCUSIP / ISIN(1)Mixture Primary Quantity OutstandingAggregate Primary Quantity Tendered(2)Primary Quantity Mirrored in Notices of Assured Supply(3)4.400% Senior Notes due 2051CUSIP: 25278XAQ2ISIN: US25278XAQ25$386,412,000$282,858,000.00$28,103,000.004.250% Senior Notes due 2052CUSIP: 25278XAT6ISIN: US25278XAT63$605,258,000$493,905,000.00$7,816,000.00
(1) No illustration is made as to the correctness or accuracy of the CUSIP numbers and ISINs indexed herein. Such data is equipped only for the ease of the Holders (as outlined underneath) of the Notes.
(2) Those quantities exclude the essential quantities of Notes for which holders of Notes (“Holders”) have delivered Notices of Assured Supply that stay topic to compliance with the Assured Supply Procedures.
The honour (the “Consideration”) for every $1,000 essential quantity of Notes accredited for acquire within the Be offering is $825.60 for the 2051 Notes and $802.42 for 2052 Notes. Along with the Attention, Holders whose Notes are accredited for acquire will obtain a money cost representing the amassed and unpaid hobby (such hobby as described underneath, the “Accrued Interest”) on such Notes from the closing hobby cost date as much as, however no longer together with, the Agreement Date (as outlined underneath). Hobby will stop to accrue at the Agreement Date for all Notes accredited for acquire, together with the ones tendered pursuant to the Assured Supply Procedures.
Except Notes mirrored in Notices of Assured Supply, the Corporate intends to just accept for acquire the essential quantity of all Notes specified within the desk above and pay the acceptable Attention and Gathered Hobby for such Notes at the Agreement Date, which is predicted to be nowadays, April 13, 2026, except prolonged (the date on which such cost happens is the “Settlement Date”). The Corporate expects to just accept for acquire and pay the acceptable Attention and Gathered Hobby for the essential quantity of all Notes tendered in compliance with the Assured Supply Procedures on April 15, 2026, except prolonged.
The outline of the Gives on this press free up is just a abstract and is certified in its entirety by means of connection with the Be offering to Acquire.
Not one of the Corporate or its associates, their respective forums of administrators, the broker managers, the gentle and data agent, and the trustee with recognize to any Notes is making any advice as as to if Holders will have to gentle any Notes based on the Gives, and neither the Corporate nor this sort of different particular person has approved someone to make this sort of advice. Holders should make their very own determination as as to if to gentle any in their Notes, and, if this is the case, the essential quantity of Notes to gentle.
This press free up is for informational functions most effective and does no longer represent an be offering to promote, or a solicitation of an be offering to shop for, any safety. No be offering, solicitation or sale has been or will probably be made in any jurisdiction during which such an be offering, solicitation or sale could be illegal. The Gives had been most effective made pursuant to the Be offering to Acquire. Holders of the Notes are recommended to rigorously learn the Be offering to Acquire sooner than making any determination with recognize to the Gives.
About Diamondback Power, Inc.
Diamondback is an unbiased oil and herbal fuel corporate headquartered in Midland, Texas targeted at the acquisition, construction, exploration and exploitation of unconventional, onshore oil and herbal fuel reserves basically within the Permian Basin in West Texas.
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