Emerge Energy Services LP - 2013-05-01
Description
Launched its initial public offering of 7.5 million common units representing limited partner interests with an option to purchase up to some 1.1 million additional units. Net proceeds will be used to repay indebtedness, make a contribution to its operating subsidiary, pay compensation expenses, and to pay offering expenses. Citigroup, BofA Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are joint book-running managers. Stifel, Nicolaus & Co. Inc., Robert W. Baird & Co. Inc., PNC Capital Markets LLC, and Wunderlich Securities Inc. are co-managers.