Diamondback Energy announced the pricing of a $1.2 billion senior notes offering at 5.550% due 2035. The company entered into an underwriting agreement with BofA Securities, Barclays, PNC Capital Markets, and TD Securities. The net proceeds, approximately $1.19 billion, will be used for general corporate purposes, including funding part of the pending acquisition of certain subsidiaries of Double Eagle IV Midco. The offering is expected to close on March 20, 2025, subject to customary conditions.