Copano Announces Pricing of Public Offering of 6M Common Units

Copano Energy

today announced that it has priced a public offering of 6,000,000 of its common units representing limited liability company interests in the company at $32.13 per common unit. The offering is scheduled to close on October 24, 2012. The underwriters have been granted a 30-day option to purchase up to 900,000 additional common units. Copano intends to use the net proceeds from the offering, including the proceeds from any exercise of the underwriters' option to purchase additional common units, to repay a portion of the outstanding indebtedness under its revolving credit facility and expects to use the increased borrowing capacity as needed for capital projects, acquisitions, hedging, working capital and general corporate purposes. Barclays, BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Goldman, Sachs & Co. and RBC Capital Markets are acting as joint book-running managers for the offering. An investor may obtain a free copy of the prospectus by visiting EDGAR on the SEC website at www.sec.gov. When available, a copy of the prospectus supplement and accompanying base prospectus relating to this offering may also be obtained from the underwriters as follows: