Viper revolver to be upsized by $125 million following acquisition

By Sarah Lizee

Olympia, Wash., Sept. 30 – Viper Energy Partners LLC entered into a second amendment on Sept. 24 to its senior secured revolving credit agreement with Wells Fargo Bank, NA as administrative agent, providing for an automatic increase of $125 million following a proposed acquisition.

The increase will occur when Viper Energy completes its acquisition of some mineral and royalty interests from subsidiaries of Diamondback Energy, Inc. and the fulfillment of other related conditions.

The acquisition is expected to close during the fourth quarter of 2019, according to an 8-K filing with the Securities and Exchange Commission.

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

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