White & Case advises Kimbell Royalty Partners on US$400 million issuance of preferred units and US$110 million registered common units offering

Global law firm White & Case LLP has advised Kimbell Royalty Partners, LP, a leading owner of oil & gas mineral and royalty interests, on the concurrent private placement of up to US$400 million of convertible preferred units to certain funds managed by affiliates of Apollo (NYSE: APO) and the US$110 million public offering of common units. Kimbell intends to use the proceeds from the private placement, as well as borrowings under Kimbell's revolving credit facility, to fund a US$455 million all-cash acquisition. Kimbell also intends to use the net proceeds from the public offering for the repayment of outstanding borrowings under Kimbell's revolving credit facility. 

Kimbell Royalty Partners (NYSE: KRP) is a leading oil & gas mineral and royalty company based in Fort Worth, Texas. Kimbell owns mineral and royalty interests in more than 16 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 125,000 gross wells, with more than 48,000 wells in the Permian Basin

The White & Case team was led by partners Jason Rocha and Laura Katherine Mann, and included Capital Markets associates Chris Carreon, Steven Amrein and Muhammad Hasan (all in Houston); and Tax partner Chad McCormick, and associates Neil Clausen and Sadi Moradi (all in Houston).

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