Diamondback Energy Inc.
Description
Closed offering of 5.5 million common shares with a 825,000-share greenshoe. Proceeds totaled $564.5 million including the follow-on offering. Proceeds and cash on hand will pay $560 million bill from the recent Delaware Basin acquisition from Luxe Energy LLC. Any proceeds from the offering's greenshoe will purchase additional shares, fund E&P activities and support general corporate purposes. Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. and J.P. Morgan were joint book-running managers.