Natural Gas Utilities

Page 1

American Midstream Partners LP announces amendment to private placement of common units

Monday, 18 Aug 2014 04:44pm EDT

American Midstream Partners LP:Says amendment to previously announced private placement of common units.In July, partnership announced th execution of agreement with a group of institutional investors to sell common units in private placement.On Aug. 15 and as a result of previously announced modification of the acquisition of assets from DCP Midstream, LLC, the Partnership amended common unit purchase agreement to change the common units to be sold in private placement from $200 mln to about $120 mln.Partnership expects to issue about 4.6 mln common units upon closing the transaction on Aug. 20.Partnership intends to use net proceeds from private placement to support future growth and for general partnership purposes.

American Midstream Partners LP agrees to sell $200 mln of common units

Monday, 14 Jul 2014 07:06pm EDT

American Midstream Partners LP:Announces execution of an agreement with a group of institutional investors to sell $200.0 million of its common units in a private placement.Says the partnership expects to use the net proceeds from the offering to fund the recently announced acquisition of assets from an affiliate of DCP Midstream, LLC and for general partnership purposes.Says the private placement is expected to close in Aug 2014, contemporaneously with the closing of the Acquisition.Says advisory Research, Inc. and Salient Capital Partners acted as co-lead investors, and Wells Fargo Securities acted as Sole Placement Agent on the offering.

Laclede Group Inc prices offerings of common stock and equity units

Thursday, 5 Jun 2014 10:35pm EDT

Laclede Group Inc:Prices public offering of 9 mln shares of common stock at $46.25 per share.In addition, the company has priced a public offering of 2.5 mln equity units or $125 mln in equity units.Each equity unit will be issued in a stated amount of $50 and will consist of a contract to purchase the company's common stock in future and a 1/20, or 5 percent, undivided beneficial ownership interest in a 2014 Series A 2.00 pct. remarketable junior subordinated note due 2022.Says it has granted the underwriters a 30-day option to purchase up to 1.35 mln additional shares of the company's common stock and a 13-day option to purchase up to 375,000 additional equity units.Says offerings (which are not conditioned on one another) are expected to close on or about June 11.Intends to use net proceeds from offerings, which are expected to be $522 mln in aggregate, primarily to fund portion of cash consideration payable in connection with pending acquisition of Alabama Gas Corp.Credit Suisse and Wells Fargo Securities are lead book-running managers for both the common stock and equity units offerings.BofA Merrill Lynch and Morgan Stanley are joint book-running managers of the common stock offering.In addition, J.P. Morgan and RBC Capital Markets are joint book-running managers of the equity units offering.

Regency Energy Partners LP partners raises $400 mln of common equity

Wednesday, 4 Jun 2014 09:11am EDT

Regency Energy Partners LP:Sold 14.4 mln common units to ETE Common Holdings, LLC, a wholly owned subsidiary of Energy Transfer Equity, L.P., which owns general partner of Regency for $400 mln.Proceeds from issuance will be used to pay down borrowings on partnership's revolving credit facility, to redeem certain senior notes of partnership and for general partnership purposes.

Laclede Group Inc announces proposed offering of common stock and equity units

Tuesday, 3 Jun 2014 04:22pm EDT

Laclede Group Inc:Announced that it plans to commence a registered underwritten public offering of up to 9 million shares of its common stock.Plans to also commence a registered underwritten public offering of $125 million in equity units.Expects to grant the underwriters a 30-day option to purchase up to 1.35 million additional shares of the Company's common stock and a 13-day option to purchase up to $18.8 million in additional equity units.Intends to use the net proceeds from these offerings primarily to fund a portion of the cash consideration payable in connection with the pending acquisition of Alabama Gas Corporation.

Hanjin Heavy Ind & Const Holdings to dispose treasury shares

Tuesday, 20 May 2014 04:38am EDT

Hanjin Heavy Ind & Const Holdings Co Ltd:To sell 3,363,715 shares of common stock on May 22.Offering price of 9,216 won per share, or 31,000 mln won in total.

ONEOK Partners prices common units public offering

Tuesday, 13 May 2014 09:00am EDT

ONEOK Partners LP:Prices a public offering of 12.1 mln common units at $52.94 per unit.Public offering represents an increase of 1.1 mln common units compared with the 11 mln common units announced on May 12.Granted underwriters a 30-day option to purchase up to an additional 1.815 million common units.Expects to use the net proceeds from the common unit offering for general partnership purposes and to repay amounts outstanding under its commercial paper program.BofA Merrill Lynch, Barclays, Morgan Stanley, UBS Investment Bank, Wells Fargo Securities, Citigroup, Deutsche Bank Securities, Goldman Sachs & Co., J.P. Morgan and RBC Capital Markets are acting as joint book-running managers in the public offering.Jefferies, Baird, BB&T Capital Markets, Global Hunter Securities and Oppenheimer & Co. are acting as co-managers in the public offering.

ONEOK Partners LP announces 11 mln common units public offering

Monday, 12 May 2014 04:10pm EDT

ONEOK Partners LP:Says public offering of 11 mln of its common units, representing limited partner interests.Units will be offered by ONEOK Partners pursuant to effective shelf registration statement on file with Securities and Exchange Commission.ONEOK Partners expects to use net proceeds from common unit public offering for general partnership purposes and to repay amounts outstanding under its commercial paper program.BofA Merrill Lynch, Barclays, Morgan Stanley, UBS Investment Bank, Wells Fargo Securities, Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan and RBC Capital Markets are acting as joint book-running managers in the public offering.Partnership is expected to grant to the underwriters a 30-day option to purchase up to an additional 1.65 million common units.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary

Analyst Research

Report Title Price
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: Wright Reports
$35.00
Provider: Wright Reports
$75.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.