other material
confidence high
sentiment neutral
materiality 0.70
TXO Partners prices upsized public offering of 6.5M common units at $20/unit
TXO Partners, L.P.
- Offering of 6,500,000 common units at $20.00 each, upsized from 5,000,000 units.
- Net proceeds of ~$122.5M to fund cash portion of previously announced asset acquisitions from Eagle Mountain Partners & a private company.
- Underwriter granted 30-day option to purchase up to 975,000 additional common units.
- Offering closed June 28, 2024; pending acquisitions, proceeds may repay revolving credit facility.