Black Stone Minerals amends revolver to reduce interest rate margins

By Marisa Wong

Morgantown, W.Va., Nov. 6 – Black Stone Minerals, LP subsidiary Black Stone Minerals Co., LP amended its fourth amended and restated credit agreement dated Nov. 1, 2017 with Wells Fargo Bank, NA as administrative agent to reduce the interest rate for revolving loans, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, completed on Oct. 31, lowers the applicable margin for Libor loans to a range of 175 basis points to 275 bps, depending on utilization.

The amendment also sets the borrowing base at $675 million.

Based in Houston, Black Stone owns oil and natural gas mineral interests in the United States.

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