VNOM Sub, Inc.: debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

VNOM Sub, Inc. incurred credit facility of $1,500,000,000 with Wells Fargo Bank, National Association at term SOFR or an alternate base rate plus the applicable margin.

Instrument: credit facility
Principal: $1,500,000,000
Counterparty: Wells Fargo Bank, National Association
Rate: term SOFR or an alternate base rate plus the applicable margin
Event: incurrence

Exact text from the filing

The Credit Agreement is guaranteed by certain subsidiaries of the Borrower and provides the Borrower with commitments for a senior unsecured revolving credit facility equal to $1,500,000,000.

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Source: SEC EDGAR

accession 0001193125-25-139995

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