Kimbell Royalty Partners filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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| Item 1.01. | Entry into a Material Definitive Agreement. |
On May 1, 2025, Kimbell Royalty Partners, LP, a Delaware limited partnership (the “Partnership”), entered into the Master Assignment Agreement and Amendment No. 3 (the “Third Amendment”) to the Partnership’s existing Amended and Restated Credit Agreement, dated as of June 13, 2023 (as amended by Amendment No. 1 to Amended and Restated Credit Agreement, dated as of July 24, 2023, Amendment No. 2 to Amended and Restated Credit Agreement, dated as of December 8, 2023, and as amended or modified prior to such dates, the “Existing Credit Agreement”), with certain subsidiaries of the Partnership, as guarantors, the several lenders party thereto (the “Lenders”) and Citibank, N.A., as administrative agent. The Third Amendment amends the Existing Credit Agreement to, among other things, increase each of the borrowing base and aggregate elected commitments from $550 million to $625 million, respectively.
The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the text of the Third Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated into this Item 1.01 by reference.
| Item 2.03. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Number | Description |
| 10.1 | Master Assignment Agreement and Amendment No. 3 to Amended and Restated Credit Agreement, dated as of May 1, 2025, by and among Kimbell Royalty Partners, LP, each of the guarantors party thereto, the several lenders from time to time parties thereto and Citibank, N.A., as administrative agent. |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KIMBELL ROYALTY PARTNERS, LP | ||
| By: | Kimbell Royalty GP, LLC, | |
| its general partner | ||
| By: | /s/ Matthew S. Daly | |
| Matthew S. Daly | ||
| Chief Operating Officer | ||
| Date: May 1, 2025 | ||