Reported Earlier, Viper Energy Prices Upsized $1.1B Offering Of 24.64M Class A Common Stock At $44.50/Share

Viper intends to use the net proceeds from the Primary Offering to fund the cash consideration for its previously announced pending acquisition of all of the equity interests of certain mineral and royalty-interest owning subsidiaries of Viper's parent, Diamondback Energy, Inc. (the "Pending Drop Down"), if it closes. If the Pending Drop Down does not close, Viper will use the net proceeds from the Primary Offering for general corporate purposes.

The Primary Offering is expected to close on February 3, 2025, subject to customary closing conditions.