Series A Cumulative Convertible Preferred Units
Baird served as bookrunner on this offering.
AboutNew Source Energy Partners L.P. (“New Source” or the “Partnership”) (NYSE: NSLP) recently completed a follow-on offering of 1,760,000 Series A Cumulative Convertible Preferred Units at a price of $25.00 per unit, generating gross proceeds of approximately $44.0 million. The Partnership intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding under its revolving credit facility.
New Source is an independent energy partnership engaged in the production of its onshore oil and natural gas properties that extends across conventional resource reservoirs in east-central Oklahoma and in oilfield services that specialize in increasing efficiencies and safety in drilling and completion processes. The Partnership is headquartered in Oklahoma City, Oklahoma.
For additional information about this transaction, please contact:
- May 2015
- New Source Energy Partners L.P.
- Target Location
- North America