Mergers & Acquisitions ·
On July 1, 2026, Alliance Minerals, a subsidiary of Alliance Resource Partners, L.P., acquired the remaining general…
ARLPAlliance Resource Partners LP
On July 1, 2026, Alliance Minerals, a subsidiary of Alliance Resource Partners, L.P., acquired the remaining general and limited partner interests in AllDale Minerals III, LP and AllDale Minerals IV, LP for approximately $206.2 million. The acquisition was funded via cash on hand, a revolving credit facility, and a new $150 million Term Loan from Truist Bank maturing January 1, 2028. The Term Loan requires quarterly principal payments of $18.75 million and includes financial covenants limiting the secured debt to EBITDA ratio to 2.0:1 and total debt to cash flow ratio to 2.5:1. Following the transaction, the company controls approximately 115,680 net royalty acres, including 44,770 in the Permian Basin. The company operates in the energy sector, focusing on coal and oil and gas mineral royalties.