Texas Pacific Land Corporation Completes $500M Credit Facility

Summary

Texas Pacific Land Corporation (TPL) announced the completion of a $500 million revolving credit facility on October 23, 2025. The facility, which was substantially oversubscribed, includes an accordion option for an additional $250 million and matures on October 23, 2029. The credit facility's interest rates are tied to TPL's debt-to-EBITDA leverage ratio and it includes customary financial covenants. The facility was undrawn at close and will be used for general business purposes. A press release announcing the credit facility was furnished as Exhibit 99.1.