---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-234739"
form_type: "8-K"
ticker: "EROK"
cik: "0002104882"
company_name: "EagleRock Land, LLC"
filed_at: "2026-05-21T20:53:44+00:00"
generated_at: "2026-05-21T20:56:52.623184+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EagleRock Land closes IPO, enters $200M revolver to repay $270M prior debt

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-234739
- form_type: 8-K
- ticker: EROK
- cik: 0002104882
- company_name: EagleRock Land, LLC
- filed_at: 2026-05-21T20:53:44+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2104882/000119312526234739/0001193125-26-234739-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2104882/000119312526234739/d22877d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-234739
- JSON: https://secwatch.observer/filing/0001193125-26-234739.json
- Plain text: https://secwatch.observer/filing/0001193125-26-234739.txt

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