Access Midstream Partners, L.P. Announces Pricing of $400 Million Offering of Additional 5.875% Senior Notes Due 2021

Wed Aug 14, 2013 4:00pm EDT

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Access Midstream Partners, L.P. Announces Pricing of $400 Million Offering of Additional 5.875% Senior Notes Due 2021

Access Midstream Partners, L.P. (NYSE:ACMP) today announced the pricing of a public offering of $400 million of additional 5.875% senior notes due 2021 (the “Notes”). The Notes will be an additional issuance of the Partnership’s outstanding 5.875% senior notes due 2021, which it issued in April 2011 in an aggregate principal amount of $350 million. The public offering price was 101.5% of the principal amount of the notes, resulting in a yield to worst of 5.503%. The offering is expected to close on August 19, 2013, subject to satisfaction of customary closing conditions. The Partnership intends to use the net proceeds from the offering for general partnership purposes, including but not limited to funding working capital, repayment of indebtedness, funding the Partnership’s capital expenditure program or acquisitions.

Barclays, BBVA Securities, Citigroup, RBS and Wells Fargo Securities acted as joint book-running managers for the offering.

The Notes are being offered pursuant to an effective shelf registration statement filed December 12, 2012 with the U.S. Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission’s website at www.sec.gov or from the underwriters of the offering as follows:

 
  • Barclays
    c/o Broadridge Financial Solutions
    1155 Long Island Avenue
    Edgewood, New York 11717
    barclaysprospectus@broadridge.com
    Phone: (888) 603-5847

 

 
  • BBVA Securities
    Attn: US Debt Capital Markets
    1345 Ave. of the Americas, 44th Floor
    New York, New York 10105
    joseph.meares@bbvany.com
    Phone: (212) 728-2447

 

  • Citigroup
    c/o Broadridge Financial Solutions
    1155 Long Island Avenue
    Edgewood, New York 11717
    batprospectusdept@citi.com
    Phone: (800) 831-9146

 

  • RBS
    Attn: Debt Capital Markets Syndicate
    600 Washington Boulevard
    Stamford, CT 06901
    Phone: (866) 884-2071

 

  • Wells Fargo Securities
    Attn: Equity Syndicate Department
    375 Park Avenue
    New York, New York 10152
    cmclientsupport@wellsfargo.com
    Phone: (800) 326-5897

 

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Access Midstream Partners, L.P. (NYSE:ACMP) is the industry’s largest gathering and processing master limited partnership as measured by throughput volume and owns, operates, develops and acquires natural gas gathering systems and other midstream energy assets. Headquartered in Oklahoma City, the Partnership's operations are focused on the Barnett, Eagle Ford, Haynesville, Marcellus, Niobrara and Utica Shales and the Mid-Continent region of the U.S.

Access Midstream Partners, L.P.
Investor Contact:
Dave Shiels, CFO, 405-727-1740
dave.shiels@accessmidstream.com
or
Media Contacts:
Debbie Nauser, 405-727-1612
debbie.nauser@accessmidstream.com
or
Tom Johnson, 212-371-5999
tbj@abmac.com