Business
Kimbell Royalty Partners Reaffirms $625 Million Credit Facility and Extends Maturity
Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 131,000 gross wells across 28 states, today announced the successful completion of its scheduled Fall 2025 redetermination and concurrent amendment and restatement of its secured revolving credit facility.
About this update from Kimbell Royalty Partners
[{"type":"text","content":"Reduction in Pricing Grid Lowers Cost of CapitalMaximum Facility Size Increased from $750 million to $1.5 billion","length":114,"tagName":"p","attribs":{}},{"type":"text","content":"FORT WORTH, Texas, Dec. 16, 2025 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell" or the "Company"), a leading owner of oil and natural gas mineral and royalty interests in over 131,000 gross wells across 28 states, today announced the successful completion of its scheduled Fall 2025 redetermination and concurrent amendment and restatement of its secured revolving credit facility.","length":427,"tagName":"p"},{"type":"text","content":"Kimbell's existing lenders unanimously reaffirmed the borrowing base and total commitments of $625 million and the maturity date of the secured revolving credit facility was extended from June 13, 2027 to December 16, 2030.","length":227,"tagName":"p"},{"type":"text","content":"Key terms of the amended and restated credit agreement include:","length":63,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Borrowing base and total commitments reaffirmed at $625 million","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Maturity extended to December 2030 (5-year tenor)","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"Reduced pricing grid by 25 basis points and removed 10 basis point Credit Spread Adjustment, improving Kimbell's interest rate spreads by a combined 35 basis points","length":168,"tagName":"p"}]},{"val":[{"type":"text","content":"Maximum facility size increased from $750 million to $1.5 billion","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"Increased flexibility under financial covenants and permitted baskets","length":69,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":414,"olType":false},{"type":"text","content":""This refinancing further strengthens our capital structure by providing lower borrowing costs and enhanced financial flexibility," said Davis Ravnaas, President and Chief Financial Officer of Kimbell Royalty GP, LLC, Kimbell's general partner. "We appreciate the ongoing confidence shown by our 16 existing bank partners, and their commitment to supporting Kimbell's role as a leading consolidator in the oil and natural gas royalty sector. The unanim...