Copano Energy LLC - 2011-03-22

Priced at par an offering of $360 million in aggregate principal amount of 7.125% senior notes due 2021. The offering of the 2021 notes is expected to settle on April 5.

Copano intends to use the net proceeds from the 2021 notes offering to fund its pending tender offer for any and all of the approximate $333 million aggregate principal amount outstanding of its 8.125% senior notes due 2016; and to redeem any of the 2016 notes not acquired in the tender offer. Any remaining net proceeds will be used to provide additional working capital for general corporate purposes.

J.P. Morgan, BofA Merrill Lynch, Deutsche Bank Securities, RBC Capital Markets and Wells Fargo Securities are joint book-running managers.