EagleRock Land, LLC (EROK): debt financing — EagleRock Land closes IPO, enters $200M revolver to repay $270M prior debt

EagleRock Land, LLC

Predecessor facility had $263.3M outstanding at May 4, 2026; ~$270M payoff; IPO proceeds will repay and terminate.
New $200M revolving credit facility with JPMorgan, secured, with $100M accordion and $10M LC sublimit; 5-year maturity.
New facility interest margins 2.25%-3.00% based on leverage vs prior 8.0%-8.5%; lower cost expected.
Covenants: max net total leverage 3.50x (step-up to 4.00x for acquisitions), min interest coverage 2.75x, liquidity ≥$50M for restricted payments.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EagleRock Land, LLC incurred revolving credit of $200.0 million revolving credit facility with JPMorgan Chase Bank, N.A. at SOFR, plus an applicable margin maturing five years after the effective date.

Instrument: revolving credit
Principal: $200.0 million revolving credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Rate: SOFR, plus an applicable margin
Maturity: five years after the effective date
Event: incurrence

Exact text from the filing

OpCo, as borrower, entered into a credit agreement providing a $200.0 million revolving credit facility, which will mature five years after the effective date (the “Credit Facility”). The Credit Facility is administered by JPMorgan Chase Bank, N.A., as administrative agent

View on SEC.gov

Browse all debt financings →

EagleRock Land, LLC filing history →

Source: SEC EDGAR

accession 0001193125-26-234739

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.