MIDLAND, Texas, Oct. 27, 2016 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") today announced that its previously announced cash tender offer to purchase any and all of the outstanding aggregate principal amount of its 7.625% Senior Notes due 2021 (the "Notes") expired at 5:00 p.m., New York City time, on October 27, 2016 (the "Expiration Time"). As of the Expiration Time, $330,128,000 aggregate principal amount of the Notes (73.36%) were validly tendered, which excludes $4,148,000 aggregate principal amount of the Notes that remain subject to guaranteed delivery procedures. Diamondback expects to accept for payment all Notes validly tendered and not validly withdrawn in the tender offer and expects to make payment for the Notes on October 28, 2016. Pursuant to the terms of the tender offer, Notes not tendered in the tender offer will remain outstanding.