Kimbell intends to use the net proceeds from the offering, including any net proceeds from the exercise of the underwriters' option to purchase additional common units, to repay a portion of the outstanding borrowings under its revolving credit facility.
This offering comes on the heels of Kimbell’s earlier announcement that its federal income tax status change from that of a pass-through partnership to that of a taxable entity via a "check-the-box" election had become effective on September 24, 2018.
Baker Botts Lawyers/Office Involved:
Jason Rocha (Partner, Houston), Josh Davidson (Partner, Houston), Eileen Boyce (Senior Associate, Houston), Jennifer Gasser (Associate, Houston), and Steven Lackey (Associate, Houston).
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.