secwatch.observer — SEC 8-K summary
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Issuer:     Kimbell Royalty Partners, LP (KRP)
CIK:        0001657788
Form:       8-K
Filed at:   2021-12-07T23:59:59+00:00
Accession:  0001104659-21-147267
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kimbell closes $57M acquisition of mineral/royalty interests; redeems all Series A preferred units
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- Acquired mineral/royalty interests from Caritas Royalty Fund for $57M cash; funded via public offering and credit facility.
- Acquired assets produced 700 Boe/d (6:1) from over 26,000 gross wells across Permian, Mid-Continent, Haynesville basins.
- Concurrently redeemed all 25,000 outstanding Series A Cumulative Convertible Preferred Units, originally issued in 2018.
- Acquisition expected to be immediately accretive to distributable cash flow per unit; redemption reduces cost of capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657788/000110465921147267/0001104659-21-147267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657788/000110465921147267/tm2134777d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-147267

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