MarkWest Energy Partners (MWE) Prices 6M Offering at $50.72/Unit

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MarkWest Energy Partners, L.P. (NYSE: MWE) announced today that it priced a public offering of 6,000,000 common units at $50.72 per common unit.

MarkWest has granted the underwriters a 30-day option to purchase up to 900,000 additional common units to cover the underwriters' sale of additional common units, if any. MarkWest intends to use the net proceeds from the offering, after deducting underwriting discounts, commissions and offering expenses, of approximately $294.2 million, and any additional net proceeds from the exercise of the underwriters' option, to fund its capital expenditure program, for general working capital and for other general partnership purposes.

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