Kimbell Royalty Partners LP


Priced a public offering of about 3.8 million common units representing limited partner interests at a public offering price of $14 per unit. Underwriters have been granted an option to purchase up to 562,500 additional common units at the public offering price less the underwriting discount and commissions. Proceeds will be used to fund a portion of the cash purchase price for the pending acquisition of oil and natural gas mineral and royalty interests held by an undisclosed seller. Pending the closing of the acquisition, proceeds will be used for the repayment of outstanding borrowings under its revolving credit facility. Citigroup and Raymond James & Associates are joint book-running managers. RBC Capital Markets LLC is book-running manager. KeyBanc Capital Markets Inc., Stephens Inc., Stifel, Nicolaus & Co. Inc. and TD Securities (USA) LLC are co-managers.

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