Diamondback Energy in its term loan facility and amendment and upsize of its revolving credit facility, in connection with its acquisition of Endeavor Energy Resources

On March 6, 2024, Diamondback Energy, Inc. announced that it and Diamondback E&P LLC entered into a $1.5 billion Term Loan Credit Agreement with Citibank, N.A., as administrative agent, and upsized to $2.5 billion their Revolving Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the respective lenders thereto, in connection with Diamondback’s acquisition of Endeavor Energy Resources.

Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Diamondback.