Mach Natural Resources (MNR) announced the launch of its public offering of 12M common units representing limited partner interests in Mach. Mach intends to use the net proceeds from the offering to repay in full the approximately $23M of borrowings outstanding under its super priority credit facility, and the remainder to repay a portion of its term loan credit facility. Mach expects to repay the remainder of borrowings under and terminate its term loan credit facility with cash on hand and proceeds from the credit facility it intends to enter into following the consummation of the offering. Stifel, Nicolaus & Company, Raymond James & Associates, TCBI Securities, doing business as Texas Capital Securities, and Truist Securities, are acting as joint book-running managers for the offering.
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