Eagle Rock Energy Partners LP - 2012-03-19
Description
Traded 3,159,624 warrants for an equivalent number of newly issued common units on March 15, 2012, for which the partnership will receive proceeds of approximately $19.0 million. The partnership intends to use the proceeds from the warrant exercise to repay outstanding borrowings under its revolving credit facility. Following the March 15, 2012 exercise, 2,548,081 warrants remained outstanding.