Kimbell Royalty Partners LP

Description

Kimbell Royalty Partners LP increased the borrowing base and total commitments under the company's revolving credit facility. In connection with the May 2019 redetermination under the revolving credit facility, the borrowing base was increased 50% from $200 million to $300 million and total commitments were increased from $200 million to $225 million (or up to $300 million if the accordion feature is exercised). Based on the increased amounts of the borrowing base and total commitments, the company can borrow up to $225 million under the revolving credit facility.  At March 31, 2019, the company had $87.3 million outstanding and $112.7 million of undrawn capacity under its revolving credit facility.  

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Estimated Price
$300.0MM
Financing Type
Report Date