NasdaqGS:FANGOil and Gas
Diamondback Energy Debt Buyback Reshapes Long Term Capital Decisions
Diamondback Energy completed a tender offer to repurchase a large portion of its 2051 and 2052 Senior Notes.
Nearly $777 million in principal amount of these long dated notes was validly tendered and accepted for purchase.
The transaction reduces long term debt and related interest obligations and concludes a previously announced financing initiative.
For investors watching NasdaqGS:FANG, this move comes alongside a share price of about $189.1 and a 52.2% return over the past year. The...