Enduro Royalty Trust (the “Trust”) announced today the closing of its initial public offering of 13,200,000 trust units at $22.00 per trust unit. The underwriters also have the option to purchase up to an additional 1,980,000 trust units to cover over-allotments, if any. Enduro Resource Partners LLC, the sponsor of the Trust, sold the 13,200,000 trust units at the closing of the initial public offering, and will sell any additional trust units upon exercise of the over-allotment option, if any. The trust units trade on the New York Stock Exchange under the symbol “NDRO.”
Barclays Capital, Citigroup, Goldman, Sachs & Co., RBC Capital Markets and Wells Fargo Securities acted as joint book-running managers of the offering, with J.P. Morgan, Robert W. Baird & Co., Morgan Keegan, Stifel Nicolaus Weisel and Wunderlich Securities acting as co-managers.
The offering of the trust units was made only by means of a prospectus, copies of which may be obtained from the offices of:
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: (888) 603-5847
CitigroupAttn: Prospectus DepartmentBrooklyn Army Terminal140 58th Street, 8th FloorBrooklyn, New York 11220Email: firstname.lastname@example.orgPhone: (800) 831-9146
Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, New York 10282
Phone: (866) 471-2526
RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8 th Floor
New York, New York 10281
Phone: (877) 822-4089
Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, New York 10152
Phone: (800) 326-5897
A registration statement relating to the trust units has been declared effective by the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
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