other_material
confidence high
sentiment neutral
materiality 0.50
TXO Partners exercises underwriters' option for 1.75M common units at $15, raising $23.9M for acquisition funding
TXO Partners, L.P.
- Sold 1,750,000 common units at $15.00/unit; net proceeds of approximately $23.9 million.
- Proceeds to fund a portion of cash consideration for the previously announced White Rock Energy acquisition from Quantum Capital Group.
- If acquisition not completed, proceeds will repay revolving credit facility or for general partnership purposes.
- Joint book-running managers: Raymond James, Stifel, Capital One Securities, Mizuho, and Texas Capital Securities.
item 8.01item 9.01