Market Overview

Access Midstream Partners Prices 16M Common Units at $32.15/Unit

Access Midstream Partners, L.P. (NYSE: ACMP) today announced that it has
priced an upsized underwritten public offering of 16,000,000 common
units representing limited partner interests. The Partnership has
granted the underwriters a 30-day option to purchase up to 2,400,000
additional common units. The common units were offered to the public at
$32.15 per unit. The offering is expected to close on December 18, 2012,
subject to customary closing conditions. The Partnership intends to use
a portion of the net proceeds from the offering, including any net
proceeds received from an exercise of the underwriters' option to
purchase additional common units, to fund a portion of the purchase
price of its pending acquisition of Chesapeake Midstream Operating,
L.L.C., a midstream gas gathering and

See full press release

Posted-In: Earnings News Guidance Management Global

 

Most Popular

Related Articles (ACMP)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free