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MarkWest Energy Partners LP Closes Public Offering Of $1.0 Billion Of 4.5% Senior Notes Due 2023


Thursday, 10 Jan 2013 05:24pm EST 

MarkWest Energy Partners LP announced the closing of a public offering of $1,000,000,000 of 4.5% senior unsecured notes due 2023 (the "Notes") priced at par. The Partnership intends to use a portion of the net proceeds from the Notes offering, together with cash on hand resulting in part from its recent equity offerings, to fund the redemption of all of its outstanding 8.75% Senior Notes due 2018, and a portion of its 6.5% Senior Notes due 2021 and 6.25% Senior Notes due 2022, with the balance of such proceeds to be used to fund the Partnership`s capital expenditure program, for general working capital and for other general partnership purposes. Any redemption of these series of senior notes will be made by separate notice to holders of such senior notes and nothing in this press release is intended to constitute such notice. Barclays, BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, Natixis, RBC Capital Markets, SunTrust Robinson Humphrey, UBS Investment Bank, US Bancorp, and Wells Fargo Securities acted as joint book-running managers for the Notes offering. 

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23 Oct 2014