Kimbell Royalty Partners upsizes credit facility to $1.5B, matures 2030

Kimbell Royalty Partners, LP

New $1.5B senior secured facility with initial borrowing base of $625M and elected commitments of $625M.
Maturity extended to December 16, 2030, with possible earlier date if preferred units remain outstanding.
Interest rates: SOFR + 2.50%-3.50% or base rate +1.50%-2.50% per annum depending on utilization.
Covenants: Debt to EBITDAX ≤ 3.50x, current ratio ≥ 1.0x; semi-annual borrowing base redeterminations.
Facility replaces prior $625M credit agreement; guaranteed by material subsidiaries and secured by oil/gas assets.

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 Second Amended and Restated Credit Agreement with Citibank, N.A., as administrative agent, and the several lenders party thereto valued at $1,500,000,000 (effective 2025-12-16).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A., as administrative agent, and the several lenders party thereto
Value: $1,500,000,000
Effective: 2025-12-16

Exact text from the filing

On December 16, 2025, Kimbell Royalty Partners, LP, a Delaware limited partnership (the " Partnership "), entered into a Second Amended and Restated Credit Agreement (the " Second A&R Credit Agreement "), which amended and restated the Partnership’s existing Amended and Restated Credit Agreement, dated as of June 13, 2023

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Kimbell Royalty Partners, LP filing history →

Source: SEC EDGAR

accession 0001104659-25-121625

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