Access Midstream Partners ACMP today announced the
commencement of an underwritten public offering of 13,750,000 common
units representing limited partner interests of the Partnership. The
Partnership will also grant the underwriters a 30-day option to purchase
up to 2,062,500 additional common units. The Partnership intends to use
the net proceeds from this offering, including any net proceeds from the
underwriters' exercise of their option, to fund a portion of the
purchase price of its pending acquisition of Chesapeake Midstream
Operating, L.L.C., a midstream gas gathering and processing business
owned by Chesapeake Midstream Development, L.L.C., a wholly owned
subsidiary of Chesapeake Energy Corporation.
Citigroup, Barclays and UBS Investment Bank will act as joint
See full press release
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