Key Developments: MarkWest Energy Partners LP (MWE)

MWE on New York Consolidated

72.79USD
25 Nov 2014
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$-0.66 (-0.90%)
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Latest Key Developments (Source: Significant Developments)

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

MarkWest Energy Partners LP announces public offering of $500 mln of senior notes due 2024
Tuesday, 18 Nov 2014 07:29am EST 

MarkWest Energy Partners LP:Says it intend to commence a public offering of $500,000,000 in aggregate principal amount of senior unsecured notes due 2024.Says it intends to use a portion of the net proceeds from the notes offering to repay borrowings under its revolving credit facility.Says it 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.  Full Article

MarkWest Energy Partner reaffirms FY 2014 EBITDA guidance
Wednesday, 5 Nov 2014 04:11pm EST 

MarkWest Energy Partner LP:Expects FY 2014 adjusted EBITDA to a range of $860 - $880 mln.  Full Article

MarkWest Energy Partners LP raises FY 2014 EBITDA guidance
Wednesday, 22 Oct 2014 04:26pm EDT 

MarkWest Energy Partners LP:Increases FY 2014 Adjusted EBITDA guidance to a range of $860 to $880 million.FY 2014 EBITDA of $848 million - Thomson Reuters I/B/E/S.  Full Article

MarkWest Energy Partners increases quarterly cash distribution
Wednesday, 22 Oct 2014 04:24pm EDT 

MarkWest Energy Partners LP:Declares a cash distribution of $0.89 per common unit, an increase of 4.7 pct, for the third quarter of 2014.Payable on Nov.14, to unitholders of record on Nov. 5.  Full Article

MarkWest Energy Partners files for secondary public offerings
Thursday, 9 Oct 2014 08:00pm EDT 

MarkWest Energy Partners LP:Offers amount of $1,500,000,000 to be listed on New York Stock Exchange.  Full Article

MarkWest Energy Partners LP gives FY 2014 EBITDA guidance in line with analysts' estimates
Wednesday, 6 Aug 2014 04:03pm EDT 

MarkWest Energy Partners LP:Forecasts FY 2014 Adjusted EBITDA in a range of $810 to $870 mln.FY 2014 EBITDA of $845 mln - Thomson Reuters I/B/E/S.  Full Article

MarkWest Energy Partners LP increases quarterly cash distribution
Thursday, 24 Jul 2014 04:20pm EDT 

MarkWest Energy Partners LP:Declares cash distribution of $0.88 per common unit for second quarter of 2014, for implied annual rate of $3.52 per common unit.Second quarter 2014 distribution represents increase of $0.04 per common unit.Distribution is payable Aug. 14, 2014, to unitholders of record on Aug. 05, 2014. The ex-dividend date is Aug. 01, 2014.  Full Article

MarkWest Energy Partners LP announces expansion of processing capacity in marcellus shale
Tuesday, 6 May 2014 07:44pm EDT 

MarkWest Energy Partners LP:Says expansion of rich gas processing capacity in the Marcellus Shale.The Partnership will continue developing its presence in America's most productive natural gas resource play with the addition of two new cryogenic processing plants at its Sherwood complex in Doddridge County, West Virginia and its Mobley Complex in Wetzel County, West Virginia.At the Sherwood complex, MarkWest will construct an additional 200 million cubic feet per day (MMcf/d) processing plant at the request of Antero Resources Corporation.The new plant is anchored by a long-term, fee-based contract and will expand total capacity at the Sherwood complex to 1.2 billion cubic feet (Bcf/d) by the second quarter of 2015.  Full Article

MarkWest Pennsylvania natgas plant returns to service

July 23 - MarkWest Energy Partners LP's Plant III at its Houston natural gas processing and fractionation complex in Washington County, Pennsylvania, has returned to service after nearly two months, the company said.

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