Viper Energy (VNOM) Launches Offering of Class A Common Stock

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Go back to Viper Energy (VNOM) Launches Offering of Class A Common Stock

Viper Energy Launches Offering of Class A Common Stock

September 11, 2024 4:31 PM EDT

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). The underwriters will have an option to purchase up to an additional 1,275,000 shares of Class A common stock from Viper in the Primary Offering.

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... More