Enduro Resource Partners is planning to offload 13.2 million units of its Enduro Royalty Trust at between $24 and $26 each. The Texas-based oil and gas outfit seeks to raise about $350 million from the sale, adds Upstream Online. The shares will be listed on the New York Stock Exchange. The underwriters will also get an option to buy up to an additional 1.98 million trust units to cover over-allotments. Barclays Capital, Citigroup, Goldman Sachs, RBC Capital Markets and Wells Fargo Securities are joint book-runners for the deal.
Click here for the release from Business Wire.
Click here for additional coverage from Upstream Online.