Viper Energy Partners LP entered into a definitive agreement to acquire Certain Mineral And Royalty Interests from Grp Energy Capital, LLC and Warwick Capital Partners LLP for 9.02 million Viper common units and $750 million of cash.

Viper Energy Partners LP (NasdaqGS:VNOM) entered into a definitive agreement to acquire Certain Mineral And Royalty Interests from Grp Energy Capital, LLC and Warwick Capital Partners LLP for 9.02 million Viper common units and $750 million of cash on September 5, 2023. The cash portion of this transaction is expected to be funded through a combination of cash on hand, borrowings under the Company?s credit facility, and up to $200 million of committed equity from Diamondback. Effective date of October 1, 2023, with closing anticipated by the middle of Q4 2023, subject to customary closing conditions.

Evercore is serving as financial advisor to Viper and Akin Gump Strauss Hauer & Feld LLP is serving as its legal advisor. Barclays is serving as financial advisor to the Warwick Capital Partners and Grp Energy Capital and Kirkland & Ellis LLP is serving as its legal advisor.