Natural Gas Utilities

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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.

Exterran Partners LP prices previously announced public offering of common units

Friday, 28 Mar 2014 08:45am EDT

Exterran Partners LP:5,400,000 common units are priced at $28.36 per common unit.Offering is expected to close on or about April 2.

Exterran Partners announces public offering of common units

Thursday, 27 Mar 2014 04:12pm EDT

Exterran Partners L.P:Underwritten public offering of 5.4 mln common units.Underwriters a 30-day option to purchase up to an aggregate of 810,000 additional common units to cover over-allotments, if any.Intends to use all of the net proceeds of this offering to fund a portion of the purchase price of its previously announced pending acquisition of natural gas compression assets from MidCon Compression, L.L.C.If the acquisition does not close, Exterran Partners intends to use the net proceeds for general partnership purposes.Wells Fargo Securities, BofA Merrill Lynch, J.P. Morgan, RBC Capital Markets and Goldman, Sachs & Co. are acting as joint book-running managers.

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