Key Developments: MarkWest Energy Partners LP (MWE)

MWE on New York Consolidated

65.63USD
22 May 2015
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Latest Key Developments (Source: Significant Developments)

MarkWest Energy Partners LP reaffirms FY 2015 EBITDA outlook
Wednesday, 6 May 2015 09:06am EDT 

MarkWest Energy Partners LP:Expects FY 2015 adjusted EBITDA to remain in a range of $925 million to $1,025 million.FY 2015 EBITDA of $971 million - Thomson Reuters I/B/E/S.  Full Article

MarkWest Energy Partners LP increases quarterly cash distribution
Wednesday, 22 Apr 2015 07:50pm EDT 

MarkWest Energy Partners LP:Declared cash distribution of $0.91 per common unit for first quarter of 2015, for an implied annual rate of $3.64 per common unit.Says first quarter 2015 distribution represents an increase of $0.04 per common unit, or 4.6 percent, compared to first quarter 2014 distribution and an increase of $0.01 per common unit, or 1.1 percent, compared to fourth quarter 2014 distribution.First quarter 2015 distribution is payable May 15, to unitholders of record on May 7.Ex-dividend date is May 5.  Full Article

MarkWest Energy Partners LP closes public offering of additional $650 mln of 4.875% senior notes due 2024
Tuesday, 3 Mar 2015 12:47pm EST 

MarkWest Energy Partners LP:Says closing of public offering of an additional $650 mln of 4.875% senior unsecured notes due 2024.Partnership expects to receive net proceeds from additional notes offering, after deducting underwriting discounts, commissions and offering expenses, of about $653.1 mln.Partnership intends to use portion of such proceeds to repay borrowings under its revolving credit facility.Partnership intends to use remaining net proceeds to fund its capital expenditure program and to provide working capital for general partnership purposes.  Full Article

MarkWest Energy Partners announces pricing of an upsized public offering of additional $650 mln of 4.875 pct senior notes due 2024
Thursday, 26 Feb 2015 04:50pm EST 

MarkWest Energy Partners:Prices an upsizes public offering of an additional $650 mln of their outstanding 4.875 pct senior unsecured notes due 2024.Additional Notes will be issued at 101.625 pct of par plus accrued and unpaid interest from Nov. 21, 2014, resulting in a yield to worst of 4.66 pct.Offering of the Additional Notes is expected to settle on March 3, subject to customary closing conditions.Partnership expects to receive net proceeds from the upsized Additional Notes offering, after deducting underwriting discounts, commissions and offering expenses, of about $653.1 mln.Intends to use a portion of such proceeds to repay borrowings under its revolving credit facility.Intends to use the remaining net proceeds to fund its capital expenditure program and to provide working capital for general partnership purposes.  Full Article

MarkWest Energy Partners announces public offering of additional $500 mln of 4.875 pct Senior Notes Due 2024
Thursday, 26 Feb 2015 08:57am EST 

MarkWest Energy Partners LP:Announces that, subject to market conditions, they intend to commence a public offering of an additional $500 million of 4.875% senior unsecured notes due 2024.Intends to use a portion of the net proceeds from the Additional Notes offering to repay borrowings under its revolving credit facility.Intends to use the remaining net proceeds to fund its capital expenditure program and to provide working capital for general partnership purposes.  Full Article

MarkWest Energy Partners LP gives FY 2015 EBITDA guidance in line with analysts' estimates
Wednesday, 25 Feb 2015 09:04am EST 

MarkWest Energy Partners LP:Forecasts FY 2015 adjusted EBITDA in a range of $925 million to $1,025 million.FY 2015 EBITDA of $956 million - Thomson Reuters I/B/E/S.  Full Article

Enterprise Products Partners LP, Anadarko , DCP Midstream and MarkWest form joint venture for Panola NGL Pipeline in Texas
Tuesday, 24 Feb 2015 08:00am EST 

Enterprise Products Partners LP, Anadarko Petroleum Corp, DCP Midstream Partners, LP and MarkWest Energy Partners, L.P:Announced the formation of a joint venture under which Enterprise will assign 45 pct ownership interest in its wholly owned Panola Pipeline Company, LLC.Says the interest will be evenly divided among Anadarko's affiliate, WGR Asset Holding Company LLC (WGR), DCP Midstream Partners and MarkWest.Says Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55 pct interest.  Full Article

MarkWest Energy Partners LP partners increases quarterly cash distribution
Wednesday, 21 Jan 2015 08:22pm EST 

MarkWest Energy Partners LP:Says that it has declared a cash distribution of $0.90 per common unit for the fourth quarter of 2014.The fourth quarter 2014 distribution represents an increase of $0.04 per common unit, or 4.7 percent, compared to the fourth quarter 2013 distribution and an increase of $0.01 per common unit, or 1.1 percent, compared to the third quarter 2014 distribution.The fourth quarter 2014 distribution is payable Feb. 13, 2015.Paid to unitholders of record on Feb. 5, 2015.Says the ex-dividend date is Feb. 3, 2015.  Full Article

MarkWest Energy Partners closes public offering of $500 mln of 4.875 pct senior notes due 2024
Friday, 21 Nov 2014 04:13pm EST 

MarkWest Energy Partners LP:Announces the closing of a public offering of $500,000,000 of 4.875% senior unsecured notes due 2024 (the Notes) priced at par.Intends to use a portion of such proceeds to repay borrowings under its revolving credit facility.Intends to use the remaining net proceeds to fund its capital expenditure program and to provide working capital for general partnership purposes.  Full Article

MarkWest Energy Partners LP announces pricing of $500 million of 4.875 pct. senior notes due 2024
Tuesday, 18 Nov 2014 05:34pm EST 

MarkWest Energy Partners LP and MarkWest Energy Finance Corporation:Says that they have priced at par an offering of $500,000,000 in aggregate principal amount of 4.875 pct. senior unsecured notes due 2024.Says the offering of the Notes is expected to settle on Nov. 21, 2014.Says the Partnership expects to receive net proceeds from the Notes offering, after deducting underwriting discounts, commissions and offering expenses, of about $493,875,000.Says the partnership intends to use a portion of such proceeds to repay borrowings under its revolving credit facility.Says the partnership intends to use the remaining net proceeds to fund its capital expenditure program and to provide working capital for general partnership purposes.Wells Fargo Securities, Barclays, BofA Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley, RBC Capital Markets, SunTrust Robinson Humphrey and US Bancorp are acting as joint book-running managers for the Notes offering.The Notes offering is being made only by means of a prospectus supplement and accompanying base prospectus.  Full Article

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