Kimbell Royalty Partners (KRP) announced Friday that it has closed the previously announced purchase of mineral and royalty interests held by a private seller in a cash transaction valued at approximately $230 million, subject to post-closing adjustments. The purchase price of the Acquisition was funded through a combination of an underwritten public offering of common units and borrowings under its revolving credit facility. Kimbell is entitled to all cash flow from production attributable to the Acquired Assets since October 1, 2024.
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