Mach Natural Resources LP of Oklahoma City announced this week the underwriters of its previously announced public offering of more than 7 million shares partially exercised their option to buy more of the shares.
The original offering was of 7,272,728 common units representing limited partner interests in Mach. But the underwriters exercised their option and purchased an additional 1,018,465 shares at a private to the public of $16.50 per unit. The option closed Sept. 24.
Mach explained it intends to use the net proceeds to fund pending acquisitions and for general partnership purchases, which might include future acquisitions. The company did not reveal details of any pending acquisitions or its possible future purchases.
Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc. are acting as joint book-running managers for the offering. Johnson Rice & Company L.L.C. and Stephens Inc. are serving as co-managers for the offering. The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
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Raymond James & Associates, Inc. Attention: Syndicate |
Stifel, Nicolaus & Company, Incorporated Attention: Syndicate Department |
Truist Securities, Inc Attention: Equity Capital Markets |
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880 Carillon Parkway |
1 South Street, 15th Floor |
3333 Peachtree Road NE, 9th Floor |
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St. Petersburg, Florida 33716 |
Baltimore, MD 21202 |
Atlanta, GA 30326 |
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Telephone: (800) 248-8863 |
Telephone: (855) 300-7136 |
Telephone: (800) 685-4786 |
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Email: prospectus@raymondjames.com |
Email: syndprospectus@stifel.com |