Crestwood Midstream Partners LP
Description
Wholly-owned subsidiary of Crestwood Equity Partners LP priced private offering of 5.75% unsecured senior notes due 2025. Notes will be guaranteed on a senior unsecured basis by all of CMLP’s subsidiaries that guarantee its existing notes and debt under its revolving credit facility. Net proceeds and the revolving credit facility borrowings will fund two concurrent cash tender offers to purchase outstanding 6.0% notes due 2020 and 6.125% notes due 2022 and will support general partnership purposes.