Buckeye Partners LP - 2011-01-13

Closed an offering of 4.875% senior unsecured notes. Buckeye intends to use the net proceeds from the offering to fund a portion of the purchase price of its pending acquisition of an 80% interest in Bahamas Oil Refining Company International Limited, or BORCO, and for general business purposes.

Barclays Capital Inc. and SunTrust Robinson Humphrey Inc. were joint book-running managers. BNP Paribas Securities Corp., Deutsche Bank Securities Inc., RBS Securities Inc. and Wells Fargo Securities LLC were co-managing underwriters.