Kimbell Royalty Partners, LP announced it has issued a notice to redeem half of its outstanding Series A Cumulative Convertible Preferred Units for an aggregate price of approximately $100.2 million. The redemption is scheduled to occur on November 16, 2026, and will be financed through borrowings under its revolving credit facility.
Key Details
- Redemption Target: 81,250 Series A Preferred Units, representing half of the total outstanding units as of October 16, 2026.
- Redemption Price: $1,233.37895 per unit, for a total aggregate price of approximately $100.2 million.
- Timeline & Funding: The redemption date is set for November 16, 2026, and is expected to be funded by borrowings from the Partnership's revolving credit facility.