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Kimbell Royalty Partners, LP's lenders have increased the borrowing base and total commitments under the Company's revolving credit facility.
The borrowing base was increased 50% from $200 million to $300 million and total commitments were increased from $200 million to $225 million (or up to $300 million if the accordion feature is exercised). Based on the increased amounts of the borrowing base and total commitments, the Company can borrow up to $225 million under the revolving credit facility.
At March 31, 2019, the Company had $87.3 million outstanding and $112.7 million of undrawn capacity under its revolving credit facility.
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