MarkWest Energy Partners Prices $400 Million Private Placement of 8.75% Senior Notes...

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Thu Apr 10, 2008 2:25pm EDT

MarkWest Energy Partners Prices $400 Million Private Placement of 8.75% Senior Notes Due 2018

DENVER--(Business Wire)--
MarkWest Energy Partners, L.P. (NYSE:MWE) and its subsidiary,
MarkWest Energy Finance Corporation, announced today the pricing of
$400 million of 8.75 percent senior unsecured notes due 2018 (the
"Senior Notes").

   The Partnership intends to use a portion of the net proceeds from
this offering to repay in full its $225 million term loan and the
remaining net proceeds to partially fund its 2008 organic growth
capital budget.

   The Senior Notes have not been registered under the Securities Act
of 1933, as amended (the "Securities Act"), or any state securities
laws, and unless so registered, the Senior Notes may not be offered or
sold in the United States except pursuant to an exemption from, or in
a transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws. The Senior Notes
are expected to be eligible for trading by qualified institutional
buyers under Rule 144A and non-U.S. persons under Regulation S. This
announcement shall not constitute an offer to sell or a solicitation
of an offer to buy any of these securities.

   MarkWest Energy Partners, L.P. (NYSE:MWE) is a publicly traded
master limited partnership with a solid core of midstream assets and a
growing core of gas transmission assets. It is one of the largest
processors of natural gas in the Northeast and is the largest gas
gatherer of natural gas in the prolific Carthage field in east Texas.
It also has a growing number of other gas gathering and intrastate gas
transmission assets in the Southwest, primarily in Texas and Oklahoma.

   This press release includes "forward-looking statements." All
statements other than statements of historical facts included or
incorporated herein may constitute forward-looking statements. Actual
results could vary significantly from those expressed or implied in
such statements and are subject to a number of risks and
uncertainties. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we can give no
assurance that such expectations will prove to be correct. The
forward-looking statements involve risks and uncertainties that affect
our operations, financial performance and other factors as discussed
in our filings with the Securities and Exchange Commission. Among the
factors that could cause results to differ materially are those risks
discussed in our Form 10-K for the year ended December 31, 2007, as
filed with the SEC. You are urged to carefully review and consider the
cautionary statements and other disclosures made in those filings,
specifically those under the heading "Risk Factors." We do not
undertake any duty to update any forward-looking statement except as
required by law.

MarkWest Energy Partners, L.P.
Frank Semple, 866-858-0482
President and CEO
or
Nancy Buese, 866-858-0482
Senior VP and CFO
or
Andy Schroeder, 866-858-0482
VP of Finance/Treasurer
Fax: 303-925-8709
investorrelations@markwest.com
www.markwest.com

Copyright Business Wire 2008
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