White & Case advises Kimbell Royalty Partners on US$149 million public offering of common units

Global law firm White & Case LLP has advised Kimbell Royalty Partners, LP, a leading owner of oil and gas mineral and royalty interests in the United States, on a public offering of 10 million common units at a public offering price of US$14.90 per common unit. The total gross proceeds of the offering, before underwriters' discounts and estimated offering expenses, will be approximately US$149 million. Kimbell granted the underwriters an option to purchase up to 1.5 million additional common units at the public offering price less the underwriting discount and commissions.

Kimbell intends to use the net proceeds from the offering for the repayment of outstanding borrowings under its revolving credit facility. Kimbell intends to fund the cash portion of the purchase price of the acquisition of mineral and royalty interests in the Midland Basin in Texas and related expenses from future borrowings under its revolving credit facility.

The White & Case team was led by partner Jason Rocha, and included Capital Markets associate Steven Amrein; M&A associate Gabriele Josephs; and Tax partners Chad McCormick and Neil Clausen, and associate Thor Fielland (all in Houston). Law clerk Brandon Wong also assisted on the matter.

Press contact
For more information please speak to your local media contact.