EV Energy Partners LP - 2007-06-11
Description
Privately placed 3.4 million units at US$34.50 each for a total US$117.6 million and its general partner made a capital contribution of US$2.4 million to pay borrowings from its revolving credit facility used to acquire the Monroe Field assets in Louisiana and to fund a portion of its planned Central/East Texas acquisition. Zimmer Lucas Partners LLC was lead investor of the private placement, Lehman Brothers MLP Opportunity Fund LP and Swank Capital LLC were co-leaders and Alerian Capital Management LLC, funds managed by Fiduciary Asset Management LLC, GPS Partners LLC, Hartz Capital MLP LLC and Tortoise Capital Resources Corp. were investors.