BreitBurn Energy Partners LP - 2011-02-08
Description
Priced a public offering of 4.3 million common units representing limited partner interests at $21.25 per unit. The offering was increased from the previously announced 4 million common units.
The partnership expects to receive net proceeds of approximately $87 million (or approximately $100 million if the underwriters exercise their option to purchase an additional 645,000 common units), and plans to use the proceeds to pay debt.
Citi, Wells Fargo Securities, RBC Capital Markets and Barclays Capital are joint book-running managers.