BreitBurn Energy Partners L.P. Announces 13M Share Public Offering of Common Units
BreitBurn Energy Partners (NASDAQ: BBEP) announced today that it has commenced a public offering, subject to market and other conditions, of 13,000,000 common units representing limited partner interests in the Partnership. The Partnership intends to grant the underwriters a 30-day option to purchase up to an additional 1,950,000 common units. The Partnership intends to use the net proceeds from the offering to repay indebtedness outstanding under its existing revolving credit facility.
Barclays, BofA Merrill Lynch, Citigroup, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities will act as joint book-running managers of the offering. When available, a copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from:
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.