Morningstar Partners LP

08/30/2024 | Press release | Distributed by Public on 08/30/2024 14:08

Asset Transaction Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

Registration Rights Agreement

The information set forth in Item 2.01 below with respect to the Registration Rights Agreement, as defined in Item 2.01, is incorporated by reference into this Item 1.01.

Amendment to TXO Partners, L.P. Credit Agreement

On August 30, 2024, TXO Partners, L.P. (the "Partnership") entered into the Amendment No. 4 and Borrowing Base Agreement (the "Fourth Amendment"), by and among the Partnership, as borrower (in such capacity, the "Borrower"), the guarantors party thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A., as the administrative agent (the "Agent"), which amended the Credit Agreement, dated as of November 1, 2021, by and among the Borrower, the guarantors party thereto, certain commercial banks party thereto as lenders from time to time (the "Lenders"), and the Agent (as amended, the "TXO Credit Agreement").

The Fourth Amendment (a) increases available aggregate commitments under the TXO Credit Agreement from $165.0 million to $275.0 million, (b) extends the maturity date of the TXO Credit Agreement to August 30, 2028, and (c) joins certain new Lenders to the TXO Credit Agreement.

The foregoing description of the Fourth Amendment is not complete and is qualified in its entirety by reference to the full text of the Fourth Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-Kand is incorporated herein by reference.