Deal Details
Follow-On Offering
Summary
Baird served as a senior co-manager on this offering.
About
Viper Energy Partners LP (“Viper” or the “Partnership”) (NASDAQ: VNOM) a subsidiary of Diamondback Energy, Inc. ("Diamondback") (NASDAQ: FANG), recently completed a follow-on offering of 3,500,000 common units at a price of $28.50 per unit, generating gross proceeds of $99.8 million. The Partnership intends to use the proceeds from the offering to repay borrowings under its credit agreement and for general partnership purposes, primarily to fund pending and future acquisitions.Viper is a limited partnership formed by Diamondback that is engaged in owning, acquiring and exploiting oil and natural gas properties in North America, with an initial focus on the Permian Basin. The Partnership is headquartered in Midland, Texas.
For additional information about this transaction, please contact:
- Date
- September 2014
- Company
- Viper Energy Partners LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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