---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-102617"
form_type: "8-K"
ticker: "TPL"
cik: "0001811074"
company_name: "Texas Pacific Land Corp"
filed_at: "2025-10-27T23:59:59+00:00"
generated_at: "2026-05-17T02:12:44.159803+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Texas Pacific Land completes $500M inaugural revolving credit facility

## Summary
- Credit facility of $500M, oversubscribed with twelve banks, matures Oct 23, 2029.
- Interest rate: SOFR + 2.25% to 2.50% based on leverage ratio; undrawn at close.
- Includes $250M accordion feature; initially unsecured with springing security if leverage > 2.50x.
- Proceeds for capex, working capital, acquisitions, and general purposes.
- CFO states facility enhances liquidity and supports growth and shareholder returns.

## SEC filing metadata
- accession: 0001104659-25-102617
- form_type: 8-K
- ticker: TPL
- cik: 0001811074
- company_name: Texas Pacific Land Corp
- filed_at: 2025-10-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811074/000110465925102617/0001104659-25-102617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811074/000110465925102617/tm2529481d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-102617
- JSON: https://secwatch.observer/filing/0001104659-25-102617.json
- Plain text: https://secwatch.observer/filing/0001104659-25-102617.txt

## Source-grounded claims
- claim_id: 40860e07bfe0926e149b2135aff455dbd3f3eed9
  claim: Texas Pacific Land Corp incurred revolving credit of $500.0 million, with ability to request increases of up to an additional $250.0 million with Wells Fargo Bank, National Association at term SOFR plus 2.25% or 2.50% depending on leverage; base rate plus 1.25% or 1.5 maturing October 23, 2029.
  evidence_excerpt: The Credit Agreement provides for a revolving credit facility (the “Revolving Credit Facility”) in the aggregate principal amount of up to $500.0 million, and the ability to request potential increases in the commitments of the lenders of up to an additional $250.0 million; provided that any such request for an increase must be in a minimum amount of $50,000,000 or, if less, the amount remaining available for all such increases.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811074/000110465925102617/0001104659-25-102617-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.