Viper Energy upsizes credit agreement to $2 billion, reduces pricing

By Wendy Van Sickle

Columbus, Ohio, Dec. 4 – Viper Energy Partners LP entered into a fifth amendment on Wednesday to its credit agreement with Wells Fargo Bank, NA to increase the maximum credit amount to $2 billion, extend the maturity date to Nov. 1, 2022 and reduce the interest rate, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also increased the borrowing base to $400 million.

The amendment decreased the interest rate to Libor plus an applicable margin of 175 basis points to 275 bps, based on the outstanding amount.

Viper Energy is a Midland, Texas-based oil and natural gas company.

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