Diamondback Energy Inc. (NASDAQ: FANG) closed its equity offering launched to fund its entry into the Delaware Basin, Raymond James said July 21.

Raymond James Energy Investment Banking has completed eight transactions for Diamondback since its 2012 IPO, helping the company raise a total of $2.135 billion, the release said.

In its most recent offering, Diamondback sold 5.5 million shares with a 825,000 share greenshoe. Including the follow-on offering, the company's proceeds totaled $564.5 million.

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Diamondback said it will use the proceeds, together with cash on hand, to foot the $560 million bill from its recent Delaware Basin acquisition.

On July 13, the company said it entered a definitive agreement to buy leasehold interests and related assets primarily in Reeves and Ward counties, Texas, from Luxe Energy LLC. The deal, expected to close in September, will add roughly 19,000 net acres to Diamondback's Midland Basin-centric portfolio.

The company said it also plans to use any proceeds from the offering's greenshoe to purchase additional shares, fund E&P activities and for general corporate purposes.

Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and J.P. Morgan were joint book-running managers for the equity offering.