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DCP Midstream Partners LP Announces Public Offering Of Common Units


Tuesday, 6 Aug 2013 04:25pm EDT 

DCP Midstream Partners LP announced that it has commenced an underwritten public offering of 8,500,000 of its common units representing limited partner interests. The Partnership also intends to grant the underwriters a 30-day option to purchase up to 1,275,000 additional common units. The Partnership intends to use the net proceeds from this offering, including the net proceeds from any exercise of the underwriters' option to purchase additional common units, to repay indebtedness outstanding under its revolving credit facility and for general partnership purposes. Barclays, BofA Merrill Lynch, Citigroup, Morgan Stanley, Wells Fargo Securities, Credit Suisse, Deutsche Bank Securities, J.P. Morgan and RBC Capital Markets will act as joint book-running managers for the offering. 

Company Quote

55.4
0.65 +1.19%
11 Jul 2014