RSP Permian amends credit agreement to allow note payments, guaranty

By Marisa Wong

Madison, Wis., Sept. 18 – RSP Permian, Inc.’s wholly owned subsidiary, RSP Permian, LLC, entered into a third amendment to its amended and restated credit agreement dated Sept. 10, 2013 with Comerica Bank as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, completed on Sept. 12, amends the credit agreement to, among other things, permit RSP Permian, LLC to make payments to holders of its equity interests in amounts sufficient to pay principal, premium and interest on unsecured notes provided no default has occurred or would result from that payment and to allow RSP Permian, LLC to guaranty unsecured notes.

The oil and gas producer is based in Dallas.

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