Diamondback Energy extends credit maturity, boosts commitment to $3.0B

Diamondback Energy, Inc. and its subsidiary Diamondback E&P LLC executed a seventeenth amendment to their Second Amended and Restated Credit Agreement. This amendment extends the credit agreement's maturity date by one year, from June 12, 2030, to June 12, 2031. Additionally, the total commitments under the agreement were increased from $2.5 billion to $3.0 billion, and the interest rate and certain fees were decreased. Sumitomo Mitsui Banking Corporation also joined as a new lender.