国产福利资源在线播放 Completes Inaugural $500 Million Credit Facility

DALLAS--(BUSINESS WIRE)-- 国产福利资源在线播放 (NYSE: TPL)(鈥淭PL鈥� or the 鈥淐ompany鈥�) today announced the completion of a new $500 million revolving credit facility (the 鈥淐redit Facility鈥�). The Credit Facility was substantially oversubscribed with strong support from twelve financial institutions.

The Credit Facility bears interest at a per annum rate equal to SOFR plus 2.25% to 2.50% based on TPL鈥檚 debt-to-EBITDA leverage ratio. The Credit Facility has a $250 million accordion exercisable if new or existing lenders agree to provide or increase their commitments. The Credit Facility is initially unsecured with a springing security if the total debt-to-EBITDA leverage ratio exceeds 2.50x. The Credit Facility matures on October 23, 2029, and contains customary financial and other affirmative covenants, negative covenants, and events of default. The Credit Facility was undrawn at close.

鈥淭his new credit facility substantially enhances TPL鈥檚 liquidity at attractive rates and terms,鈥� said Chris Steddum, CFO of TPL. 鈥淭he robust support and participation from our banking participants demonstrate the quality of TPL鈥檚 business and its exceptional creditworthiness. TPL remains committed to maintaining a fortress balance sheet and high-margin business model. This expanded access to low-cost capital better positions TPL to execute on accretive growth opportunities and to expand shareholder return of capital.鈥�

国产福利资源在线播放 国产福利资源在线播放

国产福利资源在线播放 is one of the largest landowners in the State of Texas with approximately 874,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership provide revenue opportunities throughout the life cycle of a well. These revenue opportunities include fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and/or treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.

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This press release contains certain statements that may include 鈥渇orward-looking statements.鈥� All statements, other than statements of historical or present facts or conditions, included herein are 鈥渇orward-looking statements.鈥� Included among 鈥渇orward-looking statements鈥� are, among other things, statements regarding TPL鈥檚 business strategy, plans and objectives. TPL believes that the expectations reflected in these 鈥渇orward-looking statements鈥� are reasonable, they are inherently uncertain and involve a number of risks and uncertainties beyond TPL鈥檚 control. In addition, assumptions may prove to be inaccurate. Actual results may differ materially from those anticipated or implied in 鈥渇orward-looking statements鈥� as a result of a variety of factors. These 鈥渇orward-looking statements鈥� speak only as of the date made, and other than as required by law, TPL undertakes no obligation to update or revise any 鈥渇orward-looking statement鈥� or provide reasons why actual results may differ, whether as a result of new information, future events or otherwise.

Investor Relations
IR@TexasPacific.com

Source: 国产福利资源在线播放

Released October 27, 2025