Texas Pacific Land Corporation Completes Inaugural $500 Million Credit Facility
Texas Pacific Land Corporation (TPL)
Last texas pacific land corporation earnings: 4/30 04:30 pm
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Source: Business Wire
DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL)(“TPL” or the “Company”) today announced the completion of a new $500 million revolving credit facility (the “Credit Facility”). 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’s 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.“This new credit facility substantially enhances TPL’s liquidity at attractive rates and terms
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News
- Texas Pacific Land (NYSE:TPL) was upgraded by analysts at Zacks Research to a "hold" rating.MarketBeat
- Texas Pacific Land Corporation (TPL): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Texas Pacific Land (NYSE:TPL) was upgraded by analysts at KeyCorp to a "strong-buy" rating.MarketBeat
- Texas Pacific Land Corporation Announces Effective Date of Previously Announced Three-for-One Stock SplitBusiness Wire
- Texas Pacific Land (NYSE:TPL) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
TPL
Sec Filings
- 12/5/25 - Form 4
- 12/4/25 - Form 4
- 12/3/25 - Form 4
- TPL's page on the SEC website