Black Stone Minerals Co. LP

Black Stone Minerals has entered into a definitive agreement to issue $300 million of series B cumulative convertible preferred units to an affiliate of The Carlyle Group at $20.3926 per preferred unit, representing a 15% premium to the trailing 20-day volume-weighted average price of the common units. Black Stone will acquire a set of minerals and royalty assets for $340 million, funded by the private placement of units.