MarkWest Energy Partners, L.P. MWE (the “Partnership”) and its
subsidiary MarkWest Energy Finance Corporation announced today that, subject
to market conditions, they intend to commence a public offering of
$1,000,000,000 in aggregate principal amount of senior unsecured notes due
2023 (the “Notes”).
The Partnership intends to use a portion of the net proceeds from the Notes
offering, together with cash on hand resulting in part from its recent equity
offerings, to fund the redemption of all of its outstanding 8.75% Senior Notes
due 2018, and a portion of its 6.5% Senior Notes due 2021 and 6.25% Senior
Notes due 2022, with the balance of such proceeds to be used to fund the
Partnership's capital expenditure program, for general working capital and for
other general partnership purposes. Any redemption of these series of senior
notes will be made by separate notice to holders of such senior notes and
nothing in this press release is intended to constitute such notice.
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