Kimbell Royalty Partners Secures $625 Million Credit Facility Extension and Expands Maximum Size to $1.5 Billion
Reuters
Dec 17, 2025
Kimbell Royalty Partners Secures $625 Million Credit Facility Extension and Expands Maximum Size to $1.5 Billion
Kimbell Royalty Partners LP has successfully completed an amendment and restatement of its secured revolving credit facility following its scheduled Fall 2025 redetermination. The company's existing lenders unanimously reaffirmed the borrowing base and total commitments at $625 million, and extended the maturity date of the facility from June 2027 to December 2030. The amended agreement also reduces Kimbell's borrowing costs by 35 basis points through a lower pricing grid and the removal of a credit spread adjustment. Additionally, the maximum facility size has been increased from $750 million to $1.5 billion, and Kimbell has gained increased flexibility under financial covenants and permitted baskets.
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