Kimbell Royalty Partners raises ~$141.3M via public offering of 10M common units at $14.90/unit

Kimbell Royalty Partners, LP

Offering of 10,000,000 common units at $14.90/unit; underwriters have 30-day option for 1,150,000 additional units.
Net proceeds estimated at ~$141.3 million; will be used to repay revolving credit facility and fund Boren Minerals acquisition.
Underwriters include Citigroup, J.P. Morgan, RBC, BofA, Mizuho, PNC, KeyBanc, Capital One.
Offering expected to close January 9, 2025, subject to customary conditions.

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