Kimbell Royalty Partners amends credit agreement to ease cash requirements and allow preferred equity.

Kimbell Royalty Partners, LP

Decreases frequency and increases threshold for excess cash determinations under the credit agreement.
Permits the Partnership to issue certain preferred equity interests.
Amendment dated July 24, 2023, with lenders including Citibank, Frost Bank, PNC, Truist, and others.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kimbell Royalty Partners, LP amended First Amendment with the several lenders party thereto and Citibank, N.A., as administrative agent (effective 2023-07-24).

Action: amendment
Agreement: credit facility
Counterparty: the several lenders party thereto and Citibank, N.A., as administrative agent
Effective: 2023-07-24

Exact text from the filing

On July 24, 2023, Kimbell Royalty Partners, LP, a Delaware limited partnership (the “ Partnership ”), entered into Amendment No. 1 (the “ First Amendment ”) to the Partnership’s existing Amended and Restated Credit Agreement, dated as of June 13, 2023 (as amended or modified prior to such date, the “ Existing Credit Agreement ”), with certain subsidiaries of the Partnership, as guarantors, the several lenders party thereto (the “ Lenders ”) and Citibank, N.A., as administrative agent.

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Source: SEC EDGAR

accession 0001104659-23-085076

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