IPO - Kimbell Royalty Partners, LP

Form Type: 8-K

Filing Date: 2025-01-08

Corporate Action: Ipo

Type: New

Accession Number: 000110465925002112

Filing Summary: On January 7, 2025, Kimbell Royalty Partners, LP entered into an Underwriting Agreement with several underwriters, allowing for the public Offering of 10,000,000 common units at $14.90 each. An additional 1,150,000 common units may be purchased by the underwriters within 30 days. The Offering is registered under the Securities Act of 1933 and is set to close on January 9, 2025, with expected proceeds of approximately $141.3 million. The Partnership plans to contribute the net proceeds to its Operating Company, primarily aimed at repaying outstanding borrowings and funding an acquisition of mineral and royalty interests. The agreement includes typical representations and indemnifications, indicating compliance with FINRA regulations. The Underwriters also have a lending relationship with the Partnership, demonstrating a robust financial dynamic.

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