Kimbell Royalty Partners calls $100.2 million preferred unit redemption for Nov. 16
KRP•Kimbell Royalty Partners will redeem 81,250 Series A Cumulative Convertible Preferred Units on Nov. 16, 2026, for approximately $100.2 million, funded with expected borrowings under its revolving credit facility.
1. Redemption details
Kimbell Royalty Partners will redeem 81,250 Series A Cumulative Convertible Preferred Units on Nov. 16, 2026, at $1,233.37895 per unit, for approximately $100.2 million. The units represent half of those outstanding when the notice was delivered on Oct. 16, and the partnership expects to fund the redemption with borrowings under its revolving credit facility.
