Viper Energy Announces Upsized Stock Offering for Pending Acquisition
09/12/24, 12:42 AM
Location
Money
$414 million
Industry
oil and gas
energy
Type
partnership
Viper Energy, Inc. announced the pricing of an upsized underwritten public offering of 10,000,000 shares of its Class A common stock, with expected net proceeds of approximately $413.7 million. The company intends to utilize the proceeds, along with cash on hand and borrowings, to fund a portion of the cash consideration for its pending acquisition of certain mineral and royalty-interest owning subsidiaries of Tumbleweed Royalty IV, LLC.