Brigham Minerals, Inc.: M&A transaction — Brigham Minerals completes ~$130.7M acquisition of Midland mineral/royalty interests from Avant Royalties

Brigham Minerals, Inc.

Closed acquisition of mineral and royalty interests from Avant Royalties, LP and affiliates on October 21, 2022.
Total cash consideration of approximately $130,694,484, with $6,625,000 previously held in escrow as deposit.
Transaction originally disclosed under Purchase Agreement signed August 22, 2022.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Brigham Minerals, Inc. completed an acquisition involving Avant Royalties, LP, Avant Royalties II, LP and Avant Royalties II Sidecar Fund, LP for cash consideration of approximately $130,694,484 (closed 2022-10-21).

Action: acquisition
Counterparty: Avant Royalties, LP, Avant Royalties II, LP and Avant Royalties II Sidecar Fund, LP
Consideration: cash consideration of approximately $130,694,484
Closing: 2022-10-21

Exact text from the filing

Acquisition. Upon closing of the Midland Acquisition, pursuant to the terms of the Purchase Agreement, Brigham LLC delivered to the Sellers cash consideration of approximately $130,694,484, less and except $6,625,000 of cash consideration that was previously deposited in an escrow account for the benefit of the Sellers as a deposit in connection with the signing of

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Source: SEC EDGAR

accession 0001745797-22-000047

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