Markwest Energy (MWE) Commences 8.5M Common Offering

Markwest Energy Partners, LP (NYSE: MWE) is commencing a public offering of 8,500,000 common units. MarkWest intends to grant the underwriters a 30-day option to purchase a maximum of 1,275,000 additional common units if the underwriters sell more than 8,500,000 common units in the offering. MarkWest intends to use the net proceeds from the offering and from any exercise of the underwriters’ option to purchase additional common units to fund its capital expenditure program, for general working capital and for other general partnership purposes.

Citigroup, BofA Merrill Lynch, Barclays, Goldman, Sachs & Co., Morgan Stanley, UBS Investment Bank, Wells Fargo Securities, J.P. Morgan and RBC Capital Markets are acting as joint book-running managers for the offering.

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