Company sells 465,000 common units at $21.15 per unit through offering
By Devika Patel
Knoxville, Tenn., Dec. 23 - New Source Energy Partners LP raised $9.84 million in a private placement of common units with Goldman Sachs MLP Income Opportunities Fund on Dec. 20, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 2 million units at $21.15 per unit. The price per unit is a 4.3% discount to the Dec. 19 closing share price of $22.10.
Based in Oklahoma City, New Source Energy is an oil and natural gas explorer.
| Issuer: | New Source Energy Partners LP
|
| Issue: | Common units
|
| Amount: | $9,834,750
|
| Units: | 465,000
|
| Price: | $21.15
|
| Warrants: | No
|
| Investor: | Goldman Sachs MLP Income Opportunities Fund
|
| Settlement date: | Dec. 20
|
| Stock symbol: | NYSE: NSLP
|
| Stock price: | $22.10 at close Dec. 19
|
| Market capitalization: | $260.81 million
|
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