Enduro Royalty Trust (NYSE: NDRO) (the “Trust”) announced today that Enduro Resource Partners LLC (“Enduro”) intends to offer 11,200,000 trust units in an underwritten public offering. Enduro will also grant the underwriters a 30-day option to purchase up to an additional 1,680,000 trust units. The Trust will not sell any trust units in the offering and will not receive any proceeds from the offering. Enduro intends to use the net proceeds from the sale of its trust units to pay down a portion of the outstanding borrowings under its senior secured credit facility.
Barclays, Citigroup, Goldman, Sachs & Co., J.P. Morgan, RBC Capital Markets and Wells Fargo Securities will serve as the joint book-running managers of this offering.
The trust units will be sold pursuant to a prospectus supplement and accompanying prospectus as part of an effective shelf registration statement filed by the Trust with the Securities and Exchange Commission (the “SEC”). Copies of the registration statement can be accessed through the SEC’s website at
. Copies of the prospectus supplement and accompanying prospectus for this offering may be obtained from the offices of:
Barclaysc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: (888) 603-5847
Citigroupc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: (800) 831-9146
Goldman, Sachs & Co.Attn: Prospectus Department200 West StreetNew York, New York 10282Phone: (866) 471-2526
J.P. MorganAttn: Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: (866) 803-9204
RBC Capital MarketsAttn: Equity SyndicateThree World Financial Center200 Vesey Street, 8th FloorNew York, New York 10281-8098Phone: (877) 822-4089
Wells Fargo SecuritiesAttn: Equity Syndicate Department375 Park AvenueNew York, New York 10152Phone: (800) 316-5897
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.