Brigham Minerals Launches Public Offering to Raise US$108.6 Million

By Isha Makkar
December 12, 2019
a few seconds read

Austin-based Brigham Minerals Inc. has commenced a public offering of 6,000,000 shares of Class A common stock priced at US$18.10 per share, to raise gross proceeds of US$108.6 million. Concurrently, existing stockholders of the Company including affiliates of private equity fund managers Warburg Pincus LLC, Yorktown Partners LLC, and Pine Brook Road Advisors LP, plan to sell an additional 5,000,000 shares of Class A common stock under the same offering. The Company intends to utilize the proceeds of the offering to repay outstanding indebtedness under its credit facility, and to fund future acquisitions of mineral and royalty interests in the United States. Credit Suisse, Goldman Sachs, and RBC Capital Markets are acting as book running lead managers and underwriters for the offering.

Free Trial
Finbrook Databases
Free Trial
Get a 7-Day Free Trial
Get free access to our global upstream oil & gas M&A, Financing and corporate database
Select a License
Access our Global Upstream Oil & Gas M&A, Financing and Corporate Database
Quick registration, online payment and instant access