SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2017

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

14.         SUBSEQUENT EVENTS

On July 28, 2017, we declared a quarterly distribution for the quarter ended June 30, 2017, of $0.73 per unit on all common units outstanding, totaling approximately $43.7 million, payable on August 18, 2017 to all unitholders of record as of August 11, 2017.

On July 28, 2017, the ARLP Partnership declared a quarterly distribution for the quarter ended June 30, 2017, of $0.50 per unit, on all common units outstanding, totaling approximately $66.0 million, including distributions of $0.7 million to MGP with respect to its general partner interest in the Intermediate Partnership, payable on August 14, 2017 to all unitholders of record as of August 7, 2017.  The common units being paid distributions include the additional units issued in the Exchange Transaction.  For further discussions regarding the Exchange Transaction, see Note 1 – Organization and Presentation.

On July 19, 2017, Alliance Minerals purchased $100 million of Series A-1 Preferred Interests from Kodiak, a privately-held gas compression company providing large-scale, high-utilization compression assets to customers operating primarily in the Permian Basin.  This structured investment provides the ARLP Partnership with a quarterly cash or payment-in-kind return, and its ownership interests in Kodiak are senior to all other Kodiak equity interests and subordinate only to Kodiak's senior secured debt facility.

Other than the events described above and in Notes 1, 7, 12 and 13, there were no other subsequent events.