Black Stone Minerals LP Enters Strategic Unitholder Agreement with AP Basileia SPV, LLC
Black Stone Minerals, L.P. has announced the signing of a Unitholder Agreement with AP Basileia SPV, LLC, effective from August 22, 2025. Under this agreement, AP Basileia SPV, LLC has committed to voting its preferred units and any additional acquired securities in line with the Board of Directors' recommendations on routine matters presented to the limited partners. Concurrently, Black Stone Minerals has agreed not to redeem these preferred units. The agreement spans until November 27, 2027, during which AP Basileia SPV, LLC has also committed to a standstill arrangement and agreed not to transfer its units without specific conditions. This move aims to strengthen the strategic alignment between Black Stone Minerals and its unitholders.
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