IPO: Brigham Minerals announced launch of public offering

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[Context: On April 9, Brigham Minerals announced the launch of its IPO of 13.5 milion shares at $15 to $18. Further details, advisors and related links are below.]


Brigham Minerals 

AUSTIN, Texas–April 09, 2019–(BUSINESS WIRE)–Brigham Minerals, Inc. (NYSE: MNRL) (“Brigham Minerals”) announced today that it has launched an initial public offering of 13,500,000 shares of its Class A common stock (“common stock”) at an anticipated initial offering price between $15.00 and $18.00 per share pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the “SEC”). In addition, Brigham Minerals intends to grant the underwriters a 30-day option to purchase up to an additional 2,025,000 shares of its common stock. The shares have been authorized for listing on the New York Stock Exchange under the ticker symbol “MNRL,” subject to official notice of issuance.

Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. LLC are acting as lead book-running managers and Barclays Capital Inc., RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC are also acting as book-running managers for the offering. The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended. A copy of the preliminary prospectus may be obtained from:

Credit Suisse Securities (USA) LLC
Attention: Prospectus Department
Eleven Madison Avenue, 3rd floor
New York, NY 10010
Telephone: 1-800-221-1037
usa.prospectus@credit-suisse.com

Goldman Sachs & Co. LLC
Attention: Prospectus Department
200 West Street
New York, NY 10282
Telephone: (212) 902-1171
prospectus-ny@ny.email.gs.com

About Brigham Minerals, Inc.

Brigham Minerals is an Austin, TX based company that acquires and actively manages a portfolio of mineral and royalty interests in the core of some of the most active, highly economic, liquids-rich resource basins across the continental United States, including the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the Denver-Julesburg (“DJ”) Basin in Colorado and Wyoming, and the Williston Basin in North Dakota. Brigham Minerals’ primary business objective is to maximize risk-adjusted total return to its shareholders by both capturing organic growth in free cash flow from the continued development of its existing portfolio of undeveloped horizontal drilling locations unburdened by development capital expenditures or lease operating expenses, as well as leveraging its highly experienced technical evaluation team to continue to execute upon its scalable business model of sourcing, methodically evaluating and integrating accretive minerals acquisitions in the core of these top-tier, liquids-rich resource plays.

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