other material
confidence high
sentiment neutral
materiality 0.70
TXO Partners prices 11.7M-unit public offering at $15/unit, net proceeds ~$165.3M for acquisition
TXO Partners, L.P.
- Offering of 11,666,667 common units at $15.00/unit; gross proceeds $175M, net ~$165.3M after discounts.
- Underwriters granted 30-day option to purchase up to additional 1,750,000 units on same terms.
- Expected to close May 15, 2025; proceeds to partially fund previously announced White Rock Energy acquisition from Quantum Capital Group.
- Pending acquisition close, proceeds will repay revolving credit facility borrowings.