M&A
confidence high
sentiment neutral
materiality 0.75
Alliance Resource Partners completes $206.2M acquisition of oil & gas mineral interests
ALLIANCE RESOURCE PARTNERS LP
- Acquired general and limited partner interests in AllDale III & IV for ~$206.2M, subject to post-closing adjustments.
- Funded with cash on hand, revolver borrowings, and a new $150M term loan at subsidiary Alliance Minerals.
- Now controls ~115,680 net royalty acres, including over 44,770 in the Permian Basin.
- Related parties of CEO Joseph W. Craft III acquired $100M of limited partner interests in AllDale III; conflicts committee approved.
- Term loan matures Jan 1, 2028, with quarterly principal payments of $18.75M and SOFR-based pricing.