Other Information
−Removed: Item 1.01 Entry Into a Material Definitive Agreement
−Removed: On April 30, 2021, Black Stone Minerals Company, L.P., as borrower (the "Borrower") under that certain Fourth Amended and Restated Credit Agreement, dated as of November 1, 2017, by and among the Borrower, Wells Fargo Bank, National Association, as administrative agent, and the lenders signatory thereto (the “Credit Agreement”), together with Black Stone Minerals, L.P.
−Removed: (the “Partnership”) entered into the Fifth Amendment to Fourth Amended and Restated Credit Agreement (the “Fifth Amendment”).
−Removed: The Fifth Amendment principally modifies the Credit Agreement to:
−Removed: (i) extend the maturity date to November 1, 2024;
−Removed: (ii) reaffirm the Borrowing Base (as defined in the Credit Agreement) at $400,000,000 until such time as it is redetermined in accordance with the terms of the Credit Agreement;
−Removed: (iii) increase the Applicable Margin (as defined in the Credit Agreement) to 2.5% - 3.5% (for Eurodollar Loans (as defined in the Credit Agreement)) and 1.5% to 2.5% (for Base Rate Loans (as defined in the Credit Agreement));
−Removed: (iv) add restrictions on the Partnership’s ability to pay distributions if:
−Removed: the availability under the Credit Facility is less than 10% of the lenders’ commitments;
−Removed: the ratio of the Partnership’s total debt to EBITDAX for the four preceding fiscal quarters is greater than or equal to 3.0;
−Removed: (v) add mechanics to handle the phaseout of LIBOR;
−Removed: (vi) reallocate commitments among the lenders to accommodate lenders exiting the Credit Facility.
−Removed: Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
−Removed: The description of the Fifth Amendment above under Item 1.01 is incorporated in this Item 2.03 by reference.
Exhibit Number Description
39 unchanged sentences
its general partner
−Removed: May 4, 2021 By:
+Added: August 3, 2021 By:
/s/ Thomas L.
1 unchanged sentence
(Principal Executive Officer)
−Removed: May 4, 2021 By:
+Added: August 3, 2021 By:
/s/ Jeffrey P.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.