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Viper Energy Partners Prices Offering of $1.6 billion of Senior Notes

MIDLAND, Texas, July 09, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ:VNOM) announced today that its operating company, Viper Energy Partners LLC (the "Operating Company") has priced an offering (the "Notes Offering") of $500,000,000 in aggregate principal amount of 4.900% senior notes that will mature on August 1, 2030 (the "2030 Notes") and $1,100,000,000 in aggregate principal amount of 5.700% senior notes that will mature on August 1, 2035 (the "2035 Notes", together with the 2030 Notes, the "Notes"). The price to the public was 99.902% of the principal amount for the 2030 Notes and 99.636% of the principal amount for the 2035 Notes.

The Notes Offering is expected to close on July 23, 2025, subject to the satisfaction of customary closing conditions.

The Operating Company intends to use the net proceeds from the Notes Offering for general corporate purposes, including, without limitation, redeeming Viper Energy's 7.375% senior notes due 2031 and 5.375% senior notes due 2027 and, if Viper Energy's previously announced acquisition of Sitio Royalties Corp. ("Sitio") closes, redeeming Sitio's 7.875% senior notes due 2028 and repaying Sitio's borrowings under its revolving credit facility in connection with its termination, together with paying related fees, costs and expenses.

The Notes will be sold in a registered offering pursuant to an effective shelf registration statement on Form S-3ASR that was ...