Kimbell Royalty Partners LP
Description
Has commenced an underwritten public offering of 3 million common units representing limited partner interests, subject to market and other conditions. Kimbell expects to grant the underwriters a 30-day option to purchase up to 450,000 additional common units.
Kimbell intends to use the net proceeds from the offering, including any net proceeds from the exercise of the underwriters' option to purchase additional common units, to repay a portion of the outstanding borrowings under its revolving credit facility.