Viper Energy, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
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6. Debt
- DEBT
Long-term debt consisted of the following as of the dates indicated:
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (In millions) | ||
| 4.900% Senior Notes due 2030 | $500 | $500 |
| 5.700% Senior Notes due 2035 | 1,100 | 1,100 |
| Term Loan | — | 500 |
| Revolving Credit Facility | 20 | 105 |
| Unamortized debt issuance costs | (13) | (15) |
| Unamortized discount costs | (4) | (4) |
| Total long-term debt | $1,603 | $2,186 |
The Revolving Credit Facility
The Company has entered into a credit agreement (as amended, the “Revolving Credit Agreement”), which provides the Company with a credit facility with a commitment of $1.50 billion, a swingline commitment of up to $50 million and a letter of credit commitment of $5 million, which will mature on June 12, 2030 (such facility, the “Revolving Credit Facility”). As of March 31, 2026, there was $20 million in outstanding borrowings and $1.48 billion available for future borrowings under the Revolving Credit Facility. During the three months ended March 31, 2026 and 2025, the weighted average interest rates on the Revolving Credit Facility were 5.19% and 6.57%, respectively.
As of March 31, 2026, the Company was in compliance with all financial maintenance covenants under the Revolving Credit Agreement.
Term Loan
On July 23, 2025, in connection with the Sitio Acquisition, Former Viper, as guarantor, entered into a $500 million term loan credit agreement with the Operating Company, as borrower, and Goldman Sachs Bank USA, as administrative agent (the “Term Loan”). On August 19, 2025, the Term Loan was fully drawn and New Viper became a co-guarantor of the Term Loan. On February 13, 2026, the Term Loan was repaid in full using proceeds from the Non-Permian Divestiture.
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