XML 33 R21.htm IDEA: XBRL DOCUMENT v3.24.3
Subsequent Events
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Note 14—Subsequent Events
Dividends Declared
On November 6, 2024, the Company announced that its Board of Directors declared a quarterly base dividend of $0.15 per share of Class A Common Stock and distribution of $0.15 per share of Class C Common Stock (each of which has an underlying Common Unit of OpCo). The dividend is payable November 22, 2024 to shareholders of record as of November 14, 2024.
Amended Credit Agreement
In connection with the fall borrowing base redetermination on October 31, 2024, the Company entered into the eighth amendment to its Credit Agreement (the “Eighth Amendment”). The Eighth Amendment, among other things, (i) extended the maturity date from February 2027 to February 2028, (ii) reaffirmed the borrowing base at $4.0 billion, (iii) reaffirmed the aggregate elected commitments at $2.5 billion and (iv) adjusted the applicable margin calculation to a pricing grid based upon borrowing base utilization