2023-08-03 03:38:41 ET
- Kimbell Royalty Partners ( NYSE: KRP ) stock price dropped 7.7% as the company priced a public offering of 7.25M units representing limited partner interests, at a public offering price of $14.00 per common unit.
- The total gross proceeds of the offering will be ~$101.5M.
- Underwriters have the option to purchase up to 1,087,500 additional units.
- The offering is expected to close on August 7, 2023.
- Net proceeds from the offering for the repayment of outstanding borrowings under its revolving credit facility.
For further details see:
Kimbell Royalty Partners down 8%, prices $101.5M offering