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Buckeye Partners (BPL) Enters $500M Equity Distribution Agreement

March 9, 2016 4:19 PM EST

Buckeye Partners (NYSE: BPL) disclosed the following on Wednesday:

On March 9, 2016, Buckeye Partners, L.P. (the Partnership) and Buckeye GP LLC, the general partner of the Partnership, entered into an equity distribution agreement (the Distribution Agreement) with J.P. Morgan Securities LLC, BB&T Capital Markets, a division of BB&T Securities, LLC, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., Jefferies LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, and SMBC Nikko Securities America, Inc. Under the terms of the Distribution Agreement, the Partnership may offer and sell up to $500,000,000 in aggregate gross... More