Kimbell Royalty Partners LP (KRP) Prices 3.75M Unit Offering at $14/unit

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Go back to Kimbell Royalty Partners LP (KRP) Prices 3.75M Unit Offering at $14/unit

Kimbell Royalty Partners, LP Prices Public Offering of Common Units

November 9, 2021 9:22 PM EST

FORT WORTH, Texas, Nov. 9, 2021 /PRNewswire/ -- Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell") today announced the pricing of its public offering of 3,750,000 common units representing limited partner interests, at a public offering price of $14.00 per common unit.  The total gross proceeds of the offering, before underwriters' discounts and estimated offering expenses, will be approximately $52.5 million. Kimbell has granted the underwriters an option to purchase up to 562,500 additional common units at the public offering price less the underwriting discount and commissions.  The offering is expected to close on November 15, 2021, subject to... More