| | |
Per Note
|
| |
Total Notes
|
| ||||||
Public offering price(1)
|
| | | | 99.714% | | | | | $ | 747,855,000 | | |
Underwriting discount(2)
|
| | | | 0.875% | | | | | $ | 6,562,500 | | |
Proceeds, before expenses, to us
|
| | | | 98.839% | | | | | $ | 741,292,500 | | |
BOK Financial Securities, Inc. | Capital One Securities | Citigroup |
Comerica Securities | Credit Suisse | Goldman Sachs & Co. LLC |
Scotiabank Truist Securities | US Bancorp | Wells Fargo Securities |
| | |
Page
|
| |||
| | | | S-ii | | | |
| | | | S-iii | | | |
| | | | S-1 | | | |
| | | | S-7 | | | |
| | | | S-11 | | | |
| | | | S-12 | | | |
| | | | S-14 | | | |
| | | | S-31 | | | |
| | | | S-36 | | | |
| | | | S-43 | | | |
| | | | S-43 | | | |
| | | | S-44 | | |
| | |
As of December 31, 2021
|
| |||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||
(dollars in millions)
|
| |
(in millions, except par
value and share data) |
| |||||||||
Cash and cash equivalents(1)
|
| | | $ | 654 | | | | | $ | 73 | | |
Long-term debt: | | | | | | | | | | | | | |
5.375% Senior Notes due 2022
|
| | | | 25 | | | | | | 25 | | |
7.320% Medium-term Notes, Series A, due 2022
|
| | | | 20 | | | | | | 20 | | |
5.250% Senior Notes due 2023
|
| | | | 10 | | | | | | 10 | | |
2.875% Senior Notes due 2024(1)
|
| | | | 1,000 | | | | | | — | | |
4.750% Senior Notes due 2025(1)
|
| | | | 500 | | | | | | — | | |
3.250% Senior Notes due 2026
|
| | | | 800 | | | | | | 800 | | |
5.625% Senior Notes due 2026
|
| | | | 14 | | | | | | 14 | | |
7.125% Medium-term Notes, Series B, due 2028
|
| | | | 100 | | | | | | 100 | | |
3.500% Senior Notes due 2029
|
| | | | 1,200 | | | | | | 1,200 | | |
3.125% Senior Notes due 2031
|
| | | | 900 | | | | | | 900 | | |
4.400% Senior Notes due 2051
|
| | | | 650 | | | | | | 650 | | |
Notes offered hereby(2)
|
| | | | — | | | | | | 750 | | |
DrillCo Agreement(3)
|
| | | | 58 | | | | | | 58 | | |
Unamortized debt issuance costs
|
| | | | (31) | | | | | | (39) | | |
Unamortized discount costs
|
| | | | (28) | | | | | | (26) | | |
Unamortized premium costs
|
| | | | 8 | | | | | | 8 | | |
Fair value of interest rate swap agreements
|
| | | | (18) | | | | | | (18) | | |
Subsidiary Guarantor’s revolving credit facility(4)
|
| | | | — | | | | | | — | | |
Viper revolving credit facility(5)
|
| | | | 304 | | | | | | 304 | | |
Viper 5.375% Senior Notes due 2027
|
| | | | 480 | | | | | | 480 | | |
Rattler revolving credit facility(6)
|
| | | | 195 | | | | | | 195 | | |
Rattler 5.625% Senior Notes due 2025
|
| | | | 500 | | | | | | 500 | | |
Total debt, net
|
| | | | 6,687 | | | | | | 5,931 | | |
Stockholders’ equity: | | | | | | | | | | | | | |
Common stock, $0.01 par value, 400,000,000 shares authorized, 177,397,765 shares issued and outstanding
|
| | | | 2 | | | | | | 2 | | |
Additional paid-in capital
|
| | | | 14,084 | | | | | | 14,084 | | |
Retained earnings
|
| | | | (1,998) | | | | | | (1,998) | | |
Total Diamondback Energy, Inc. stockholders’ equity
|
| | | | 12,088 | | | | | | 12,088 | | |
Non-controlling interest
|
| | | | 1,157 | | | | | | 1,157 | | |
Total equity
|
| | | | 13,245 | | | | | | 13,245 | | |
Total capitalization
|
| | | $ | 19,932 | | | | | $ | 19,176 | | |
(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 |
| |||
Morgan Stanley & Co. LLC
|
| | | $ | 112,500,000 | | |
RBC Capital Markets, LLC
|
| | | $ | 112,500,000 | | |
TD Secutities (USA) LLC
|
| | | $ | 112,500,000 | | |
Barclays Capital Inc.
|
| | | $ | 52,500,000 | | |
PNC Capital Markets LLC
|
| | | $ | 52,500,000 | | |
J.P. Morgan Securities LLC
|
| | | $ | 52,500,000 | | |
BofA Securities Inc.
|
| | | $ | 52,500,000 | | |
Wells Fargo Securities, LLC
|
| | | $ | 22,500,000 | | |
Credit Suisse Securities (USA) LLC
|
| | | $ | 22,500,000 | | |
Goldman Sachs & Co. LLC
|
| | | $ | 22,500,000 | | |
Capital One Securities, Inc
|
| | | $ | 22,500,000 | | |
Scotia Capital (USA) Inc
|
| | | $ | 22,500,000 | | |
Citigroup Global Markets Inc
|
| | | $ | 22,500,000 | | |
Truist Securities, Inc
|
| | | $ | 22,500,000 | | |
U.S. Bancorp Investments, Inc
|
| | | $ | 22,500,000 | | |
BOK Financial Securities, Inc
|
| | | $ | 11,250,000 | | |
Comerica Securities, Inc
|
| | | $ | 11,250,000 | | |
Total
|
| | | $ | 750,000,000 | | |
| | |
Paid by us
|
| |||
Per note
|
| | | | 0.875% | | |
| | |
Page
|
| |||
| | | | 1 | | | |
| | | | 2 | | | |
| | | | 3 | | | |
| | | | 3 | | | |
| | | | 4 | | | |
| | | | 5 | | | |
| | | | 6 | | | |
| | | | 20 | | | |
| | | | 21 | | | |
| | | | 22 | | | |
| | | | 23 | | | |
| | | | 23 | | |
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 | 4.250% Senior Notes due 2052 | Rule 457(r) | $ | 750,000,000 | 99.714 | % | $ | 747,855,000 | 0.0000927 | $ | 69,326.16 | ||||||||||||||||||||||
Other | Guarantee of 4.250% Senior Notes due 2052 | 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 | $ | 747,855,000 | $ | 69,326.16 | ||||||||||||||||||||||||||||||
Total Fees Previously Paid | --- | --- | ||||||||||||||||||||||||||||||||
Total Fee Offsets | --- | --- | ||||||||||||||||||||||||||||||||
Net Fee Due | $ | 69,326.16 | $ | 69,326.16 |
(1) | Diamondback E&P LLC is the guarantor co-registrant of 4.250% Senior Notes due 2052 issued by Diamondback Energy, Inc., the registrant. |
TV%=(.YY.ST@=5TZ4.8YQ66.(F-ON+/$Y7AGF98F_9$1 -@ 0ZC\ W
MZ#T^.CX9B8Q>1K&\K&!HC+G%VVVM1%(MGP]&2M\A'X-@6@F#0'<[$HB7YR
M_GB#!)/U H"3<=?(OS5Z9Z?U!Z)U^JORUZKH*VUJ6:EI)3>JW 7^6:'^-Y=HZ6AT\SRZ=
M513OBJ4M[6\6?*>LZ[K?,-9]1U^KJ:VN_P"J]G9^UMGU!DR&'<2]?TB&_P >
MNPAOKM@Y5AD>0 = #8/L^'V^FI"0.=4#0#0#0#0#0#0#0#0#0#0#0#0#0#0
M#0#0#0#0#0#0#0#0#0#0#0&+>=N;?$7C#882I
*&4^1=S*C+2]?K 1NNTZ4\ZGE#AO'!Q'LHU*P-FG)/,T%9*;A
M)HV3%U)5N3?Q3F/=9.?)%25;,F%#164DD#O1(D\ )#"=9]"M >+N>Y8JSB=%J75>2F*GV>.7MQ)J
MKWSC>(A]$.H%QS,P,>&>1J\0XC"6^$3;#&+M#,UH\$D9 B::!VIQ3 I0 .T=
M@U-NTU /C%VOS
M%W<15J%8#CL(=H!Z:KB.)-%)N&GAVDB9<8\0* E4AAV$ $>@@(] $H=!W Q?W@;[?#0'"93]P=Q0*'P H !2AMU$0'IN
M ].G]&HD')^CM_V;%_VM4F(_E$>GW!U_5H7@>HY1$P & #<=MMC#OT*)1'
MJ A_)MIQ$8'B(& !'M'<-]OM+T$O>4?\H0ZC]W3UU,T 5/N$AA >@E.(]0.!
M@#MW W^28 ZAOU =AU9V"-NT_3H!H!H!H!H!H!H!H!H!H!H!H!H!H!H#\X@
M&$0';8?F#;H0H&'?8-NHG_I'39B5(AM>?KS<?7CYYL<*JI%\?>2&*
3R#R*\0,[B.-^
M/K#?WB!D140-(6V)G:=6G*QRE'V31TX9%PD;
TDBFT;',83; 0H;]-M],
X\3;YXIQ\O$^?+5M\I;&KT0WXF,AL2XOK!L(RJ9&0
MD:.I2TO+!AV3G$E% =-U$2-WCH#]B_0K@%SIY
MK>:3A/F5?!;U+@OQ>6QN[E;A)9(PHHRE+% 93N%GN,\THRN1%,A'8V&IOXAH
MH08@JQOP.WM^FXS7*M-J&?Y$I4$E +V[]-@Z 82[!UW*4 V*4H=-MM'PR,
M%G+(:?U#'A*Y4\P.3-#Y+<*\-1.3)JUU%*KYM9(7K%V/I4\M7VK>/JEC=N,C
MW"F-9AHRK\0BQ J"RZY3JE'V^PICE/$VZ5U7!Y=QKC\9GT^?DBQ[SUXL9%Y1
M<;34#!.)LOUK--CL1\V8&M#./M&+GS"X4I0U7HF5[+89):3L5=9-3&18+%!,
MP L)40$0*$9ZFI5UY5C/N\&6*( !0 .@ = #H :'.:3?/7A?F
MER5X-R/';A3AQQEVU9>NT96
-N ;59L7<-\8* XY[LRNL:-[DG'UQO:F,LV;(DO1A9E-(J&2$"B8Q]M*;BU<*TQ
MI_4AX!\87Y7 "J\1N@=/\ Q17D>GX_Z7ATH5YWP7?XFOWPSRN?FKQ&_LAO
M/ZWM10 _ACQXID?P4.8NKY2Y>7OC<[R%
MF[.4FV8]2ET[#"0#%,$FL.B4[XSA4[H5G26V
M8%>9RTXW7_B)R0S'QLR:R49W'#]YF*?)*"0R:$JU9K>]A;"P P?/C+)"+-W[
M8WM0<%]!Z:%6 ='4:*L9CKC[]@(]\LD(HMK'DV^5U^0Z"FVPNBP&/WZ0
M[#T3<&W#KT]^6S2OX)8)&BSF7\F;E6JDW@94/BWLQ*Q'#_!O'N.<%(XS+EY2
MSSR15%"JGK6+(KZ +F<&W%Z1$3I(I,73^]43WY
MBD[2=QY2=(!C#N.Q2[] #6L]P\N7LPOUHY3IW-FST53OW)65^U1K^B(APT4W
MH+7Y0$!3$-P]N_37'W-24*?4NTZ)9%[U7XZB9?\ "^ @?*(:Y#)9_,W,[9@VJ2NQ3P6QLZ;-6+;RMV36,;
M;:ZT6EM>/C;P?D:PV()_+= C38>S0LNY47E#7JB(H,4)B7%
+K'C1*(9(ISI@8Q+?9F1
MAZ]"@(^S0%*H81[A[C"(] $QC"83" '?W&V$W?MOO[=]6,9M';VC^_^0/;H
MB5@3U_@K./"Q3
)7F!:D'!D)V[8_)ABM>[, +'E\P2;.C+F2W'N$6D%+/' [
M!N!41'IMN%2Q3TB @;Y>O4?EZ]3?B-ZAJ^XKN-WY _"/0 _&/R:J5+&7X+W!
M:4!Q,Y3\B'30A9+)6?(O&$F$J
M8)))"]MNGR=
M/7?]@>H["'R>S4LH.O7<.FA.!8>_!8Y]:2?'_F%QH?/D@?TC+=4S5#-%%3 L
M>-R14&-)FA02.<.Y!H_QFS,<2%'95Y\\?G$WAEH[";KOTW]GKJ"2,)\2WY1^2Z;('04D*ED#..3KG67RC<_O6YWD#8[
M1)1;DZ"@=Q!.D82F#<-A#05;.MPFWZCM^YJ2#M3PLXHV7FQR.QOQNI]]QEC>
MP9'ER13"UY9M[*H51F??
\7,G(>0SQ5
M\W_#Y; "8R7CRB3'*3APZD!3VCYBEST5.RE*C5SB*R+QW;7H)( 0AA!G8'PB
M($(8 R6LU:NRY8/$\M[+7+4>:5*=%? A_F@9(3F*+4Y!*(@)#D.0Y1 =MCIB
M3=,X"'4H]2CT]FO1*48*K>!Y:,DG_"V\R77$SR2U_%=NDG3'&/,"&;X4DT2F
M4.Q;9-^LB2>'IARB(IIBNM8%',(13J) G#&'YO=OC=Z.PE;<2U((.Y2CZ[@'
M7Y>GK^SJ8R4E5%C4Q@*&XCL'[/[VK J,?B0,XK
O2 M5%$742!$DV<4
OT6?=(.)-/?<=GP
M[]1'7Q/W'JV8SFJ7,S%_1!\D<-WC@?4-%R4LGE866O\ './,_P#U?#/!\8M*
MCK3Y!>(D8J@39MFRJ6$G< F+[RH*K6\@" >T1@>@CT#T]NJ^W,S=S&LV+=U_
M0YKHWE]=A"&F79Q5)*+[RR/(4"E U]^C@DMR/DN\W:D#0'RUQI]?O=3L=*M
M4:WF:S:X26KL_$O"@JUDH:;8KQTHQ<)F 2F2=,W)R#N ]#:HX*4';?[6J=I:
M$O+ESK:L2M8YL\2YCAYR1R+@V>14