| | |
Per Note
|
| |
Total Notes
|
| ||||||
Public offering price(1)
|
| | | | 99.985% | | | | | $ | 649,902,500 | | |
Underwriting discount(2)
|
| | | | 0.875% | | | | | $ | 5,687,500 | | |
Proceeds, before expenses, to us
|
| | | | 99.110% | | | | | $ | 644,215,000 | | |
|
BofA Securities
|
| |
Barclays
|
| |
Capital One Securities
|
| |
Goldman Sachs & Co. LLC
|
|
| J.P. Morgan | | |
RBC Capital Markets
|
| |
Scotiabank
|
|
|
Wells Fargo Securities
|
| |
BOK Financial Securities, Inc.
|
| |
Comerica Securities
|
|
| | | | | S-ii | | | |
| | | | | S-iii | | | |
| | | | | S-1 | | | |
| | | | | S-6 | | | |
| | | | | S-10 | | | |
| | | | | S-11 | | | |
| | | | | S-13 | | | |
| | | | | S-26 | | | |
| | | | | S-30 | | | |
| | | | | S-35 | | | |
| | | | | S-42 | | | |
| | | | | S-42 | | | |
| | | | | S-43 | | |
| | | | | ii | | | |
| | | | | iii | | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 18 | | | |
| | | | | 22 | | | |
| | | | | 24 | | | |
| | | | | 24 | | | |
| | | | | 25 | | | |
| | | | | 25 | | |
| | |
As of September 30, 2022
|
| |||||||||||||||
| | |
Actual
|
| |
As Adjusted
|
| |
Further Adjusted
|
| |||||||||
| | |
(dollars in millions)
|
| |||||||||||||||
Cash and cash equivalents(1)
|
| | | $ | 27 | | | | | $ | 590(2) | | | | | $ | —(3) | | |
Long-term debt (including current maturities of long-term debt): | | | | | | | | | | | | | | | | | | | |
5.250% Senior Notes due 2023
|
| | | | 10 | | | | | | 10 | | | | | | 10 | | |
3.250% Senior Notes due 2026
|
| | | | 780 | | | | | | 780 | | | | | | 780 | | |
5.625% Senior Notes due 2026
|
| | | | 14 | | | | | | 14 | | | | | | 14 | | |
7.125% Medium-term Notes, Series B, due 2028
|
| | | | 73 | | | | | | 73 | | | | | | 73 | | |
3.500% Senior Notes due 2029
|
| | | | 1,021 | | | | | | 1,021 | | | | | | 1,021 | | |
3.125% Senior Notes due 2031
|
| | | | 789 | | | | | | 789 | | | | | | 789 | | |
6.250% Senior Notes due 2033
|
| | | | — | | | | | | 1,100 | | | | | | 1,100 | | |
4.400% Senior Notes due 2051
|
| | | | 650 | | | | | | 650 | | | | | | 650 | | |
4.250% Senior Notes due 2052
|
| | | | 750 | | | | | | 750 | | | | | | 750 | | |
6.250% Senior Notes due 2053 offered hereby
|
| | | | — | | | | | | — | | | | | | 650 | | |
Viper’s 5.375% Senior Notes due 2027
|
| | | | 430 | | | | | | 430 | | | | | | 430 | | |
Rattler’s 5.625% Senior Notes due 2025(4)
|
| | | | 500 | | | | | | — | | | | | | — | | |
DrillCo Agreement(5)
|
| | | | 18 | | | | | | 18 | | | | | | 18 | | |
Unamortized debt issuance costs
|
| | | | (31) | | | | | | (36) | | | | | | (44) | | |
Unamortized discount costs
|
| | | | (22) | | | | | | (27) | | | | | | (27) | | |
Unamortized premium costs
|
| | | | 5 | | | | | | 5 | | | | | | 5 | | |
Unamortized basis adjustment of dedesignated interest rate swap
agreements |
| | | | (110) | | | | | | (110) | | | | | | (110) | | |
Subsidiary Guarantor’s revolving credit facility(6)
|
| | | | 235 | | | | | | 235(2) | | | | | | 640(3) | | |
Viper revolving credit facility(7)
|
| | | | 245 | | | | | | 245 | | | | | | 245 | | |
Total debt, net
|
| | | | 5,357 | | | | | | 5,947(2) | | | | | | 6,994(3) | | |
Stockholders’ equity: | | | | | | | | | | | | | | | | | | | |
Common stock, $0.01 par value, 400,000,000 shares authorized, 177,551,347 shares issued and outstanding
|
| | | | 2 | | | | | | 2(2) | | | | | | 2(2) | | |
Additional paid-in capital
|
| | | | 13,646 | | | | | | 13,646 | | | | | | 13,646 | | |
Retained earnings (accumulated deficit)
|
| | | | 195 | | | | | | 195 | | | | | | 195 | | |
Total Diamondback Energy, Inc. stockholders’ equity
|
| | | | 13,843 | | | | | | 13,843 | | | | | | 13,843 | | |
Non-controlling interest
|
| | | | 715 | | | | | | 715 | | | | | | 715 | | |
Total equity
|
| | | | 14,558 | | | | | | 14,558 | | | | | | 14,558 | | |
Total capitalization
|
| | | $ | 19,915 | | | | | $ | 20,505 | | | | | $ | 21,552 | | |
(3)
|
(a)
|
failure by the Company to comply for 180 days after notice as provided below with the covenant described under “— Certain Covenants — Reports”; or |
Underwriter
|
| |
Principal
Amount of Notes |
| |||
TD Securities (USA) LLC
|
| | | $ | 104,000,000 | | |
Citigroup Global Markets Inc.
|
| | | $ | 97,500,000 | | |
Truist Securities, Inc.
|
| | | $ | 97,500,000 | | |
Credit Suisse Securities (USA) LLC
|
| | | $ | 45,500,000 | | |
Morgan Stanley & Co. LLC
|
| | | $ | 45,500,000 | | |
PNC Capital Markets LLC
|
| | | $ | 45,500,000 | | |
U.S. Bancorp Investments, Inc.
|
| | | $ | 45,500,000 | | |
BofA Securities, Inc.
|
| | | $ | 19,500,000 | | |
Barclays Capital Inc.
|
| | | $ | 19,500,000 | | |
Capital One Securities, Inc.
|
| | | $ | 19,500,000 | | |
Goldman Sachs & Co. LLC
|
| | | $ | 19,500,000 | | |
J.P. Morgan Securities LLC
|
| | | $ | 19,500,000 | | |
RBC Capital Markets, LLC
|
| | | $ | 19,500,000 | | |
Scotia Capital (USA) Inc.
|
| | | $ | 19,500,000 | | |
Wells Fargo Securities, LLC
|
| | | $ | 19,500,000 | | |
BOK Financial Securities, Inc.
|
| | | $ | 6,500,000 | | |
Comerica Securities, Inc.
|
| | | $ | 6,500,000 | | |
Total
|
| | | $ | 650,000,000 | | |
| | |
Paid by us
|
| |||
Per note
|
| | | | 0.875% | | |
| | | | | ii | | | |
| | | | | iii | | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 18 | | | |
| | | | | 22 | | | |
| | | | | 24 | | | |
| | | | | 24 | | | |
| | | | | 25 | | | |
| | | | | 25 | | |
|
BofA Securities
|
| |
Barclays
|
| |
Capital One Securities
|
| |
Goldman Sachs & Co. LLC
|
|
| J.P. Morgan | | |
RBC Capital Markets
|
| |
Scotiabank
|
|
|
Wells Fargo Securities
|
| |
BOK Financial Securities, Inc.
|
| |
Comerica Securities
|
|
Exhibit 107
Calculation of Filing Fee Tables
Form 424(b)(2)
(Form Type)
Diamondback Energy, Inc.
Diamondback E&P LLC(1)
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered and Carry Forward Securities
Security
Type | Security
Class Title | Fee
Calculation or Carry Forward Rule | Amount Registered | Proposed
Maximum Offering Price Per Unit | Maximum
Aggregate Offering Price | Fee Rate | Amount
of Registration Fee | Carry Forward Form Type | Carry Forward File Number | Carry Forward Initial Effective Date | Filing
Fee Previously Paid in Connection with Unsold Securities to be Carried Forward |
|||||||||||||||||
Newly Registered Securities | ||||||||||||||||||||||||||||
Fees to Be Paid | Debt | 6.250% Senior Notes due 2053 | Rule 457(r) | $ | 650,000,000 | 99.985 | % | $ | 649,902,500 | 0.00011020 | $ | 71,619.26 | ||||||||||||||||
Other | Guarantee of 6.250% Senior Notes due 2053 | Rule 457(n)) | --- | --- | --- | --- | --- | |||||||||||||||||||||
Fees Previously Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |||||||||||||||||||||
Carry Forward Securities | ||||||||||||||||||||||||||||
Carry Forward Securities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||||||||||||||||||
Total Offering Amounts | $ | 649,902,500 | $ | 71,619.26 | ||||||||||||||||||||||||
Total Fees Previously Paid | --- | --- | ||||||||||||||||||||||||||
Total Fee Offsets | --- | --- | ||||||||||||||||||||||||||
Net Fee Due | $ | 71,619.26 | $ | 71,619.26 |
(1) | Diamondback E&P LLC is the guarantor co-registrant of 6.250% Senior Notes due 2053 issued by Diamondback Energy, Inc., the registrant. |
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