Enduro Royalty Trust - 2013-09-27
Description
Priced the public offering by Enduro Resource Partners LLC of 11.2 million trust units with an over-allotment option at $13.85 per unit. Net proceeds will be used to pay down a portion of outstanding borrowings under Enduro Resource's senior secured credit facility. Barclays, Citigroup, Goldman, Sachs & Co., J.P. Morgan, and Wells Fargo Securities are joint book-running managers. RBC Capital Markets and Ladenburg Thalmann & Co. Inc. are co-managers.