debt
confidence high
sentiment neutral
materiality 0.50
Viper Energy completes $1.5B revolving credit facility refinancing, maturity extended to 2030
VNOM Sub, Inc.
- New $1.5B senior unsecured revolver replaces existing $1.5B facility; $365M outstanding at closing on June 12, 2025.
- Existing credit agreement terminated; all prior borrowings repaid and related guarantees and liens released.
- Facility matures September 22, 2030; interest rates are SOFR plus 1.125%–2.000% or ABR plus 0.125%–1.000% based on credit ratings.
- Covenant limits total net debt to capitalization ratio at no more than 65%; proceeds for working capital and general corporate purposes.
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