Latham & Watkins Advises Underwriters on Viper Energy's US$1.6 Billion Senior Notes Offerings

Viper Energy, Inc. (NASDAQ: VNOM) has announced that its operating company, Viper Energy Partners LLC, has priced an offering (the Notes Offering) of US$500 million in aggregate principal amount of 4.900% senior notes that will mature on August 1, 2030 (the 2030 Notes) and US$1.1 billion 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.

Latham & Watkins LLP represents the underwriters in the offering with a Capital Markets team led by Texas partners David Miller, Michael Chambers, and Samuel Rettew, with associates Rachel Collier, Caitlyn Fiebrich, and Carol Bale. Advice was also provided on tax matters by Houston partner Tim Fenn, with associate Dominick Constantino; and on environmental matters by Century City/Houston partner Joshua Marnitz, with associate Nolan Fargo.