Loan & DebtJun 15, 2026, 04:22 PM
Viper Energy Extends Credit Facility to $2B, Pushes Maturity to 2031
AI Summary
Viper Energy, Inc. announced a significant amendment to its credit agreement, extending the maturity date by one year to June 12, 2031, and increasing total commitments from $1.5 billion to $2.0 billion. The amendment also includes a reduction in interest rates and certain fees. Sumitomo Mitsui Banking Corporation has joined as a new lender under the agreement. This move enhances the company's financial flexibility and borrowing capacity.
Key Highlights
- Viper Energy amended its credit agreement, extending the maturity date from June 12, 2030, to June 12, 2031.
- Total commitments under the credit agreement were increased from $1.5 billion to $2.0 billion.
- The amendment also decreased the applicable interest rate and certain fees.
- A new lender, Sumitomo Mitsui Banking Corporation, joined the credit agreement.
- The company's parent guarantor and borrower entered into the first amendment to the credit agreement.
Price Impact
More from VNOM
Corporate GovernanceMay 19, 4:13 PM
Viper Energy Stockholders Approve Right to Call Special Meetings
Quarterly ResultMay 6, 4:14 PM
Viper Energy Divests Non-Permian Assets for $610M; Repays $590M Debt
Quarterly ResultMay 4, 4:08 PM
Viper Energy Q1 Net Income $97M; Declares $0.68 Dividend; Acquires Riverbend