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VIPER ENERGY PARTNERS LP

(VNOM)
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VIPER ENERGY PARTNERS LP : Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

11/18/2021 | 04:09pm EST

Item 1.01. Entry into a Material Definitive Agreement.

On November 15, 2021, Viper Energy Partners LLC, as borrower, and Viper Energy Partners LP, as guarantor ("Viper"), entered into an eighth amendment (the "Amendment") to the Amended and Restated Senior Secured Revolving Credit Agreement, dated as of July 20, 2018, with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto, as subsequently amended, supplemented or otherwise modified.

The Amendment, among other things, relaxed certain restrictions on Viper's ability to make restricted payments, including repurchases of common units pursuant to Viper's previously disclosed common unit repurchase program, which was increased by the board of directors of Viper's general partner from $100 million to $150 million. In the Amendment, the aggregate elected commitment amount remained at $500 million and the borrowing base was reaffirmed at $580 million.

The preceding summary of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein 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 above is incorporated herein by reference.



Item 9.01.  Financial Statements and Exhibits.

(d) Exhibits
Number              Description
    10.1*             Eighth Amendment to Amended and Restated Senior Secured Revolving Credit
                    Agreement and Second Amendment to Guaranty and Collateral Agreement, dated as
                    of November 15, 2021, by and among Viper Energy Partners LLC, as borrower,
                    Viper Energy Partners LP, as parent guarantor, Wells Fargo Bank, National
                    Association, as administrative agent, and the lenders party thereto.
     104            Cover Page Interactive Data File - the cover page XBRL tags are embedded within
                    the Inline XBRL document.


                                *   Filed herewith.


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