secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2022-06-09T23:59:59+00:00
Accession:  0001104659-22-069656
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell Royalty Partners upsizes credit facility to $300M, switches to SOFR
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- Amended credit agreement increases aggregate elected commitments and borrowing base from $275M to $300M.
- Transitioned benchmark rate from LIBOR to Term SOFR plus credit spread adjustment (10-25 bps depending on tenor).
- Amendment effective June 7, 2022; all outstanding LIBOR loans deemed converted to 3-month SOFR loans.
- Borrowing base redetermination set at $300M with no default or event of default continuing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922069656/0001104659-22-069656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465922069656/tm2218062d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-069656

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer