Freehold Royalties Announces Closing of Strategic Midland Basin Acquisition, Credit Facility Increase and Declares Dividend for December 2024
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Freehold Royalties Ltd. has completed a $259 million acquisition of mineral title and royalty interests in the Midland Basin, Texas. The company also announced an increase in its credit facility and declared a dividend for December 2024.
December 13, 2024 | 6:00 pm
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Freehold Royalties Ltd. has successfully closed a $259 million acquisition in the Midland Basin, Texas, which could enhance its asset base and revenue potential. The company also increased its credit facility and declared a dividend for December 2024.
The acquisition in the Midland Basin is a strategic move that could increase Freehold's revenue streams and asset value. The increase in the credit facility suggests financial stability and capacity for further growth. Declaring a dividend indicates confidence in future cash flows, which is positive for investors.
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