Financing ·
Diamondback Energy extends credit facility maturity to June 2031 and increases commitments to $3.0 billion
FANGDiamondback Energy, Inc.
Diamondback Energy, Inc. entered into a seventeenth amendment to its Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent. The amendment extended the maturity date from June 12, 2030, to June 11, 2031, and increased total commitments from $2.5 billion to $3.0 billion. Additionally, the amendment decreased the interest rate applicable to loans and certain fees. Diamondback Energy, Inc. is an oil and gas exploration and production company.