DENVER--(BUSINESS WIRE)--Aug. 17, 2012--
MarkWest Energy Partners, L.P. (NYSE: MWE) announced today the closing
of its previously announced public offering of 6,900,000 common units at
$50.72 per common unit, which includes 900,000 common units purchased
pursuant to the full exercise of the underwriters’ option to purchase
additional common units. MarkWest intends to use the net proceeds from
the offering, after deducting underwriting discounts, commissions and
offering expenses, of approximately $338.3 million to fund its capital
expenditure program, for general working capital and for other general
Barclays, BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., UBS
Investment Bank, J.P. Morgan and RBC Capital Markets are acting as joint
book-running managers for the offering. The offering is being made only
by means of a prospectus supplement and accompanying base prospectus. A
copy of the prospectus supplement and accompanying base prospectus
associated with the offering may be obtained from the underwriters as
Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Ave.
Edgewood, NY 11717. By email at firstname.lastname@example.org,
or Toll-Free: (888) 603-5847;
BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway,
7th Floor, New York, NY 10038. By email at email@example.com;
Citigroup, Attention: Prospectus Dept., Brooklyn Army Terminal, 140
58th Street, 8th floor, Brooklyn, NY 11220. By email at firstname.lastname@example.org,
or Toll-Free: (800) 831-9146;
Goldman, Sachs & Co., Attention: Prospectus Department, 200 West
Street, New York, NY 10282. By email at email@example.com,
or Toll-Free: (866) 471-2526;
UBS Investment Bank, Attention: Prospectus Dept., 299 Park Avenue, New
York, NY 10171. Toll-Free: (877) 827-6444, ext. 561 3884.
J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717. Toll-Free: (866) 803-9204; or
RBC Capital Markets, Three World Financial Center, 200 Vesey Street,
10th Floor, New York, NY 10281-8098. By email at CM-USA-Prospectus@rbc.com,
or Toll-Free: 877-280-1299.
An electronic copy of the preliminary prospectus supplement and the
accompanying base prospectus is available on the Securities and Exchange
Commission’s (SEC) website at http://www.sec.gov.
The common units are being offered pursuant to an effective shelf
registration statement that MarkWest previously filed with the SEC.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation, or sale would
be unlawful prior to registration or qualification under the securities
laws of such state.
MarkWest Energy Partners, L.P. is a master limited partnership
engaged in the gathering, transportation, and processing of natural gas;
the transportation, fractionation, marketing, and storage of natural gas
liquids; and the gathering and transportation of crude oil. MarkWest has
extensive natural gas gathering, processing, and transmission operations
in the southwest, Gulf Coast, and northeast regions of the United
States, including the Marcellus Shale, and is the largest natural gas
processor and fractionator in the Appalachian region.
This press release includes “forward-looking statements.” All
statements other than statements of historical facts included or
incorporated herein may constitute forward-looking statements. Actual
results could vary significantly from those expressed or implied in such
statements and are subject to a number of risks and uncertainties.
Although MarkWest believes that the expectations reflected in the
forward-looking statements are reasonable, MarkWest can give no
assurance that such expectations will prove to be correct. The
forward-looking statements involve risks and uncertainties that affect
operations, financial performance, and other factors as discussed in
filings with the Securities and Exchange Commission. Among the
factors that could cause results to differ materially are those risks
discussed in the periodic reports filed with the SEC, including
MarkWest’s Annual Report on Form 10-K for the year ended December 31,
2011 and its Quarterly Reports on Form 10-Q for the quarters ended March
31, 2012 and June 30, 2012. You are urged to carefully review and
consider the cautionary statements and other disclosures made in those
filings, specifically those under the heading “Risk Factors.” MarkWest
does not undertake any duty to update any forward-looking statement
except as required by law.
Source: MarkWest Energy Partners, L.P.
MarkWest Energy Partners, L.P.
Frank Semple, 866-858-0482
President & CEO
Nancy Buese, 866-858-0482
VP & CFO
Josh Hallenbeck, 866-858-0482
Finance & Treasurer