Buckeye Partners (BPL) Commences 6M Units Offering
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Buckeye Partners L.P. (NYSE: BPL) has commenced a public offering of 6,000,000 limited partnership units representing limited partner interests ("LP Units") pursuant to an effective shelf registration statement. Buckeye expects to grant the underwriters an option to purchase up to 900,000 additional LP Units. Buckeye intends to use the net proceeds from this offering to reduce the indebtedness outstanding under its revolving credit facility.
Barclays, Citigroup, Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities, J.P. Morgan, and UBS Investment Bank are acting as joint book-running managers of the LP Unit offering.
Barclays, Citigroup, Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities, J.P. Morgan, and UBS Investment Bank are acting as joint book-running managers of the LP Unit offering.
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