--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-099439" form_type: "8-K" ticker: "MNR" cik: "0001980088" company_name: "MACH NATURAL RESOURCES LP" filed_at: "2023-12-29T23:59:59+00:00" generated_at: "2026-06-07T06:09:22.341498+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.78 calibrated_materiality_score: 0.78 confidence: "high" source: SEC EDGAR --- # Mach closes $815M Paloma Anadarko Basin acquisition; funds with $825M term loan, $75M revolver ## Summary - Purchased interests in Oklahoma oil and gas properties from Paloma Partners IV, LLC for ~$815M cash. - New $825M term loan (Chambers Energy, EOC, Mercuria, Farallon, Macquarie, Texas Capital) plus $75M MidFirst revolver. - Prior credit agreement repaid and terminated; revolving facility undrawn at close. - Hedge positions as of Dec 29 include oil swaps ($71.80–$78.92/bbl) and gas swaps ($2.94–$4.36/mmbtu) through 4Q25. ## SEC filing metadata - accession: 0001213900-23-099439 - form_type: 8-K - ticker: MNR - cik: 0001980088 - company_name: MACH NATURAL RESOURCES LP - filed_at: 2023-12-29T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.78 - calibrated_materiality_score: 0.78 - confidence: high - sec_items: 1.01, 2.01, 1.02, 2.03, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1980088/000121390023099439/0001213900-23-099439-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1980088/000121390023099439/ea190832-8k_machnatural.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-099439 - JSON: https://secwatch.observer/filing/0001213900-23-099439.json - Plain text: https://secwatch.observer/filing/0001213900-23-099439.txt ## Key facts - Debt Financings MACH NATURAL RESOURCES LP incurred revolving credit of $75,000,000 with MidFirst Bank, as the administrative agent at three-month SOFR plus 3.00% plus a credit spread adjustment equal to 0.15% maturing December 28, 2026. - Instrument: revolving credit - Principal: $75,000,000 - Counterparty: MidFirst Bank, as the administrative agent - Rate: three-month SOFR plus 3.00% plus a credit spread adjustment equal to 0.15% - Maturity: December 28, 2026 - Event: incurrence source text: The Revolving Credit Agreement has (i) an aggregate principal amount of $75,000,000, (ii) a maturity date of December 28, 2026 and (iii) an interest rate equal to the three-month SOFR plus 3.00% plus a credit spread adjustment equal to 0.15% evidence_url: https://www.sec.gov/Archives/edgar/data/1980088/000121390023099439/0001213900-23-099439-index.htm - Debt Financings MACH NATURAL RESOURCES LP incurred term loan of $825,000,000 with Texas Capital Bank, as the administrative agent, and Chambers Energy Management, LP, as the loan commitment arranger at three-month SOFR plus 6.50% plus a credit spread adjustment equal to 0.15% maturing December 31, 2026. - Instrument: term loan - Principal: $825,000,000 - Counterparty: Texas Capital Bank, as the administrative agent, and Chambers Energy Management, LP, as the loan commitment arranger - Rate: three-month SOFR plus 6.50% plus a credit spread adjustment equal to 0.15% - Maturity: December 31, 2026 - Event: incurrence source text: The Term Loan Credit Agreement has (i) an aggregate principal amount of $825,000,000, (ii) a maturity date of December 31, 2026 and (iii) an interest rate equal to the three-month SOFR plus 6.50% plus a credit spread adjustment equal to 0.15% evidence_url: https://www.sec.gov/Archives/edgar/data/1980088/000121390023099439/0001213900-23-099439-index.htm - M&A Transactions MACH NATURAL RESOURCES LP completed an acquisition involving Paloma Partners IV, LLC for approximately $815,000,000 (closed 2023-12-28). - Action: acquisition - Counterparty: Paloma Partners IV, LLC - Consideration: approximately $815,000,000 - Closing: 2023-12-28 source text: On December 28, 2023, the Company completed the acquisition of the Assets (the “Asset Acquisition”) in accordance with the terms of the PSA for a purchase price of approximately $815,000,000 (subject to customary closing adjustment), in cash paid to the Sellers for the Assets. evidence_url: https://www.sec.gov/Archives/edgar/data/1980088/000121390023099439/0001213900-23-099439-index.htm - Material Agreements MACH NATURAL RESOURCES LP entered into Revolving Credit Agreement with MidFirst Bank valued at $75,000,000 (effective 2023-12-28). - Action: entry - Agreement: credit facility - Counterparty: MidFirst Bank - Value: $75,000,000 - Effective: 2023-12-28 source text: The loans advanced to the Company under the Revolving Credit Agreement are secured by a super-priority security interest on substantially all of our assets including the Assets following the Asset Acquisition. The Revolving Credit Agreement has (i) an aggregate principal amount of $75,000,000, (ii) a maturity date of December 28, 2026 and (iii) an interest rate equal to the three-month SOFR plus 3.00% plus a credit spread adjustment equal to 0.15%, provided that the three-month SOFR will not be less than 3.50%. evidence_url: https://www.sec.gov/Archives/edgar/data/1980088/000121390023099439/0001213900-23-099439-index.htm - Material Agreements MACH NATURAL RESOURCES LP entered into Term Loan Credit Agreement with Texas Capital Bank valued at $825,000,000 (effective 2023-12-28). - Action: entry - Agreement: credit facility - Counterparty: Texas Capital Bank - Value: $825,000,000 - Effective: 2023-12-28 source text: In connection with the closing of the Asset Acquisition (as defined below), on December 28, 2023, Mach Natural Resources LP (the “Company”) entered into (i) a senior secured term loan credit agreement (the “Term Loan Credit Agreement”), among the Company, the guarantors party thereto, the lenders party thereto, Texas Capital Bank, as the administrative agent, and Chambers Energy Management, LP, as the loan commitment arranger, and (ii) a senior secured revolving credit agreement (the “Revolving Credit Agreement”) among the Company, the guarantors party thereto, the lenders party thereto and MidFirst Bank, as the administrative agent. evidence_url: https://www.sec.gov/Archives/edgar/data/1980088/000121390023099439/0001213900-23-099439-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.