Buckeye Partners LP - 2011-04-14

Priced a public offering of 4.8 million limited partnership units, representing limited partner interests, at $59.41 per unit. The underwriters have been granted an option to purchase up to 720,000 additional LP units. Buckeye intends to use the net proceeds to reduce outstanding debt under its revolving credit facility. Barclays Capital, Citi, J.P. Morgan, Morgan Stanley and Wells Fargo Securities are joint book-running managers. Deutsche Bank Securities and Credit Suisse are co-managers.