MarkWest Energy Partners Announces Public Offering of 8.5M Common Units
MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) announced today that it 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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.