Northland Capital Markets: Co-Manager for Rattler Midstream LP’s $665.0 Million IPO of Common Units

Northland Capital Markets announced today that it has acted as Co-Manager for an up-sized initial public offering of $665.0 million of common units for Rattler Midstream LP (“Rattler Midstream” or the “Company”). Rattler Midstream is a Delaware limited partnership formed in July 2018 by Diamondback Energy, Inc. (“Diamondback”) to own, operate, develop, and acquire midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin.

Rattler Midstream priced the sale of 38,000,000 of its common units to the public at $17.50 per share for gross proceeds of approximately $665.0 million, which does not include 5,700,000 common units from the over-allotment option exercisable by the underwriters for 30 days.

For more information: Press Release Rattler Midstream LP 5/28/2019