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Viper Energy Launches Offering of Class A Common Stock

Benzinga LogoBenzinga1d ago

Viper Energy Launches Offering of Class A Common Stock - Benzinga

Quick Summary:

Viper intends to use the net proceeds from the Primary Offering, together with cash on hand and borrowings under its revolving credit facility, to fund a portion of the cash consideration for its previously announced pending acquisition of certain mineral and royalty-interest owning subsidiaries of Tumbleweed Royalty IV, LLC (the "Pending Acquisition").Goldman Sachs & Co.

MIDLAND, TEXAS, Sept.11, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc.(NASDAQ:VNOM) ("Viper") announced today the launch of an underwritten public offering of 8,500,000 shares of its Class A common stock, subject to market and other conditions (the "Primary Offering").

LLC, 200 West Street, New York, NY 10282, Attention: Prospectus Department, by telephone at (866) 471-2526 or by emailing prospectus-ny@ny.email.gs.com; BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by emailing dg.prospectus_requests@bofa.com; and Truist Securities, Inc., Attention: Equity Capital ...


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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 20:31:49 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 773 words

Reading Time: 5 minutes read

Sentences: 22 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22466414

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Official Website: benzinga.com

Year Established: 2010

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News Last Updated: 1 days ago

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