Brief: Kimbell Royalty Partners Announces $175 Mln Acquisition Of Mineral And Royalty Interests In A Cash And Unit Transaction

Kimbell Royalty Partners, LP

09/01/2020 22:15

Jan 9 (Reuters) - Kimbell Royalty Partners LP  KRP.N :
    * KIMBELL ROYALTY PARTNERS ANNOUNCES $175 MILLION
ACQUISITION OF
MINERAL AND ROYALTY INTERESTS IN A CASH AND UNIT TRANSACTION
    * KIMBELL ROYALTY PARTNERS LP - DEAL EXPECTED TO BE
IMMEDIATELY
ACCRETIVE TO DISTRIBUTABLE CASH FLOW PER UNIT
    * KIMBELL ROYALTY PARTNERS LP - PURCHASE PRICE FOR
ACQUISITION IS
COMPRISED OF $95 MILLION IN CASH & AGGREGATE OF ABOUT 2.2
MILLION COMMON UNITS OF KIMBELL
    * KIMBELL ROYALTY PARTNERS LP -  PURCHASE PRICE ALSO
INCLUDES
ABOUT 2.5 MILLION COMMON UNITS OF KIMBELL ROYALTY OPERATING, LLC
    * KIMBELL ROYALTY PARTNERS LP - INTENDS TO RAISE CASH
PORTION OF
PURCHASE PRICE THROUGH COMBINATION OF UNDERWRITTEN PUBLIC
OFFERING OF COMMON UNITS

Source text for Eikon:  ID:nPnHHgbma 
Further company coverage:  KRP.N 

 ((Reuters.Briefs@thomsonreuters.com;))