DENVER--(BUSINESS WIRE)--Nov. 12, 2012--
MarkWest Energy Partners, L.P. (NYSE: MWE) (MarkWest) announced today
that it is commencing a public offering of 8,500,000 common units.
MarkWest intends to grant the underwriters a 30-day option to purchase a
maximum of 1,275,000 additional common units if the underwriters sell
more than 8,500,000 common units in the offering. MarkWest intends to
use the net proceeds from the offering and from any exercise of the
underwriters’ option to purchase additional common units to fund its
capital expenditure program, for general working capital and for other
general partnership purposes.
Citigroup, BofA Merrill Lynch, Barclays, Goldman, Sachs & Co., Morgan
Stanley, UBS Investment Bank, Wells Fargo Securities, 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 follows:
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Ave.
Edgewood, NY 11717. By email at email@example.com,
or Toll-Free: (800) 831-9146;
BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway,
7th Floor, New York, NY 10038. By email at firstname.lastname@example.org;
Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Ave.
Edgewood, NY 11717. By email at email@example.com,
or Toll-Free: (888) 603-5847;
Goldman, Sachs & Co., Attention: Prospectus Department, 200 West
Street, New York, NY 10282. By email at firstname.lastname@example.org,
or Toll-Free: (866) 471-2526;
Morgan Stanley, Attention: Prospectus Department, 180 Varick Street,
2nd Floor, New York, NY 10014, Email: email@example.com,
or Toll-Free: (866) 718-1649;
UBS Investment Bank, Attention: Prospectus Dept., 299 Park Avenue, New
York, NY 10171. Toll-Free: (877) 827-6444, ext. 561 3884;
Wells Fargo Securities, Attention: Equity Syndicate Dept., 375 Park
Avenue, New York, NY 10152. Email: firstname.lastname@example.org,
or Toll-Free (800) 326-5897;
J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Ave.
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 will be available on the Securities and
Exchange Commission’s (SEC) website at http://www.sec.gov
on November 13, 2012. 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, June 30, 2012 and September 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