Capital Markets | Debt Exchange/Swaps
Diamondback Subsidiary Energen Launches $400MM Debt Exchange
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Diamondback Energy Inc. subsidiary Energen Corp. has commenced a cash tender offer to purchase any and all of Energen's 4.625% Senior Notes due 2021.
As of May 15, 2020, Energen had $400 million aggregate principal amount of the notes outstanding.
Holders of the notes will be eligible to receive total cash consideration of $1,010.00 per $1,000 principal amount of notes, plus any accrued and unpaid interest up to, but not including, the settlement date, which is expected to occur on May 26, 2020.
Persons with questions regarding the tender offer should contact the lead dealer manager: J.P. Morgan Securities LLC.
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