Inergy (NRGY) Prices 4M Units at $22.30/Unit

March 24, 2009 9:29 AM EDT

Inergy, L.P. (Nasdaq: NRGY) announced today that it has priced, in an underwritten public offering, 4,000,000 common units representing limited partner interests at $22.30 per unit. With this common unit offering, and the previously completed senior unsecured notes offering, Inergy will have raised over $283 million in new equity and debt capital since the beginning of 2009.

Excluding the underwriters' option to purchase additional units, net proceeds from the common unit offering, after deducting underwriting discounts and commissions and estimated expenses associated with the offering, are expected to be $85.6 million.

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