Diamondback Energy Inc

NASDAQ:FANG   3:59:59 PM EDT
79.41
+0.01 (+0.01%)
4:08:34 PM EDT: $79.51 +0.10 (+0.13%)
Debt Financing / Related, Mergers / Acquisitions, Equity Financing / Related

Diamondback Energy, Inc. Announces Midland Basin Acquisition

Published: 12/21/2020 11:46 GMT
Diamondback Energy Inc (FANG) - Diamondback Energy, Inc. Announces Midland Basin Acquisition.
Diamondback Energy Inc - Deal for 10.63 Million Shares of Diamondback Common Stock and $375 Million of Cash.
Diamondback Energy Inc - Deal Accretive on Key 2021 per Share Metrics Including Cash Flow per Share, Free Cash Flow per Share.
Diamondback Energy Inc - Deal Accretive to 2021 Leverage Metrics and Lowers Diamondback's 2021 Expected Reinvestment Ratio.
Diamondback Energy Inc - Cash Portion of Deal to Be Funded Through Combination of Cash on Hand, Borrowings Under Company's Credit Facility.