Diamondback Energy extends credit facility maturity to 2031, increases commitments to $3B

Diamondback Energy amended its credit agreement to extend the maturity date from June 2030 to June 2031 and increase total commitments from $2.5B to $3B, adding Sumitomo Mitsui Banking Corporation as a new lender. The refinancing demonstrates continued banking support and provides additional liquidity flexibility for the independent oil and gas producer.