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Breitburn Energy Partners LP Announces Public Offering Of Common Units

Wednesday, 6 Feb 2013 04:06pm EST 

Breitburn Energy Partners LP announced that it has commenced a public offering, subject to market and other conditions, of 13,000,000 common units representing limited partner interests in the Partnership. The Partnership intends to grant the underwriters a 30-day option to purchase up to an additional 1,950,000 common units. The Partnership intends to use the net proceeds from the offering to repay indebtedness outstanding under its existing revolving credit facility. Barclays, BofA Merrill Lynch, Citigroup, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities will act as joint book-running managers of the offering. 

Company Quote

0.22 +1.00%
4:00pm EDT