Diamondback Energy Inc (FANG) 2019-2

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD1,000.0005Dec-24Sr. UnsecuredBa1BBB-BBBFixedTsyT+155T+135 aT+1302.88%-99.95900
USD800.0007Dec-26Sr. UnsecuredBa1BBB-BBBFixedTsyT+180T+175 aT+1603.25%-99.85800
USD1,200.00010Dec-29Sr. UnsecuredBa1BBB-BBBFixedTsyT+200T+185 aT+1803.50%-99.74100
Tranche Comments
5 yr: Book size: 2500; First Pay: 2020-01-06; Redemption: 2024-11-01; Registration: Registered; Comments: USD1bn 5yr 2.875% fxd. SEC Registered. Ba1/BBB-/BBB. BofA/JPM/WFS. T+135bp area(+/-5bp),. T + 155bp. T+130bp; 7 yr: Book size: 2400; First Pay: 2020-01-06; Redemption: 2026-10-01; Registration: Registered; Comments: USD800m 7yr fxd. SEC Registered. Ba2/BBB-/BBB-. BofA/JPM/WFS. T + 180bp; 10 yr: Book size: 2600; First Pay: 2020-01-06; Redemption: 2029-09-01; Registration: Registered; Comments: USD1.2bn 10yr fxd. SEC Registered. Ba2/BBB-/BBB-. BofA/JPM/WFS. T + 200bp;
Deal Comments
Active Bookrunners: BAM (B&D), JPM, WFS. Passive Bookrunners: CTI, CSG, GSC
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