other material
confidence high
sentiment neutral
materiality 0.55
Kimbell Royalty calls all 25,000 Series A Preferred Units for redemption on Dec 7, 2021
Kimbell Royalty Partners, LP
- Irrevocable notice of redemption for all 25,000 outstanding Preferred Units originally issued in 2018.
- Redemption date: December 7, 2021; aggregate price approximately $31 million.
- Redemption covers entirety of the Series A Cumulative Convertible Preferred Units.
- Use of proceeds: general corporate purposes, likely funded from available cash or credit.