Sitio Royalties Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits
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Oil & Gas Production
Energy
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 8, 2025
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Item 1.01 Entry into a Material Definitive Agreement.
On February 3, 2023, Sitio Royalties Operating Partnership, LP (“Sitio OpCo”), as borrower, JPMorgan Chase Bank, N.A., as the administrative agent and issuing bank, and the lenders and other financial institutions from time to time party thereto entered into that certain Third Amended and Restated Credit Agreement (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), pursuant to which the lenders thereunder made loans and other extensions of credit to Sitio OpCo.
On May 8, 2025, Sitio OpCo and the other guarantors party thereto entered into that certain Fifth Amendment to Third Amended and Restated Credit Agreement (the “RBL Fifth Amendment”), pursuant to which the Credit Agreement was amended to (i) effectuate the scheduled redetermination of the borrowing base intended to be effective on or about April 1, 2025 by reaffirming the borrowing base at $925,000,000, (ii) amend certain dates applicable to the semi-annual redetermination of the borrowing base and (iii) amend certain other terms of the Credit Agreement, in each case, on the terms and subject to the conditions set forth therein.
The above references to and description of the RBL Fifth Amendment do not purport to be complete and are qualified in their entirety by reference to the RBL Fifth Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
Exhibit Number | Description | |||||||
10.1 | Fifth Amendment to Third Amended and Restated Credit Agreement, dated as of May 8, 2025, by and among Sitio Royalties Operating Partnership, LP, as borrower, each lender from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and any other parties from time to time party thereto. | |||||||
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SIGNATURES
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.
| Sitio Royalties Corp. | |||||||||||
| Date: | May 12, 2025 | By: | /s/ Brett S. Riesenfeld | ||||||||
| Name: | Brett S. Riesenfeld | ||||||||||
| Title: | Executive Vice President, General Counsel and Secretary | ||||||||||