Finance - Equity
Riverstone Holdings LLC and EnCap Investments LP provided equity to Mexico's first independent E&P company.
The selling stockholders will receive all proceeds, Diamondback said.
Consol and Noble will each own a 34.3% limited partner interest in Cone Midstream, the company said.
Net proceeds will repay debts and support general corporate purposes, the company said.
The offer is scheduled to close Sept. 19, the company noted.
The stock will list on the New York Stock Exchange under the symbol "VEI," the company said.
The shares are subject to a hold period that ends four months and one day from the closing date, the company noted.
Net proceeds will repay part of the outstanding senior secured revolving credit facility debts, the company said.
The offer was upsized from 5.5 million units, the company said.
The company offered 12.5 million common shares.
The offer is scheduled to close Sept. 9, Memorial Production Partners added.
Houston-based Vinson & Elkins was the legal adviser to Riverstone and Barclays Natural Resource Investments.
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