BreitBurn Energy (BBEP) Prices 13M Offering at $19.86/Unit


FREE Breaking News Alerts from StreetInsider.com!

E-mail Address
February 7, 2013 9:39 AM EST Send to a Friend
BreitBurn Energy Partners, L.P. (Nasdaq: BBEP) announced the pricing of its public offering of 13,000,000 common units representing limited partner interests at a price to the public of $19.86 per unit. The Partnership has granted to the underwriters a 30-day option to purchase up to an additional 1,950,000 common units from the Partnership. The offering is expected to close on February 12, 2013, subject to customary closing conditions.

The Partnership expects to receive net proceeds of approximately $248.2 million (or approximately $285.4 million if the underwriters exercise their option to purchase an additional 1,950,000 common units) from the offering and intends to use the proceeds to reduce borrowings under its bank credit facility.

Barclays, BofA Merrill Lynch, Citigroup, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities acted as joint book-running managers of the offering. The offering is being made by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from:

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here


You May Also Be Interested In


Related Categories

Corporate News, Equity Offerings

Related Entities

UBS, Citi, Merrill Lynch, Bank of America, RBC Capital, Barclays, Wells Fargo

Add Your Comment