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Rice Midstream Partners LP (RMP) Enters $450M Common Units Private Placement

Go back to Rice Midstream Partners LP (RMP) Enters $450M Common Units Private Placement

Rice Midstream Partners Announces Private Placement of Common Units

September 30, 2016 8:00 AM EDT

CANONSBURG, Pa., Sept. 30, 2016 /PRNewswire/ -- Rice Midstream Partners LP (NYSE: RMP) ("RMP" or the "Partnership") today announced that it has priced a private placement of  20,930,233 common units representing limited partner interests for gross proceeds of approximately $450 million. The closing of the private placement is expected to occur on October 7, 2016, subject to certain customary closing conditions.

RMP intends to use a portion of the net proceeds from the private placement to fund a portion of the acquisition from Rice Energy Inc. ("Rice Energy") of the midstream assets associated with Rice Energy's... More