DENVER--(BUSINESS WIRE)--Jan. 10, 2013--
MarkWest Energy Partners, L.P. (NYSE: MWE) (the “Partnership”) and its
subsidiary MarkWest Energy Finance Corporation today announced the
closing of a public offering of $1,000,000,000 of 4.5% senior unsecured
notes due 2023 (the “Notes”) priced at par.
The Partnership intends to use a portion of the net proceeds from the
Notes offering, together with cash on hand resulting in part from its
recent equity offerings, to fund the redemption of all of its
outstanding 8.75% Senior Notes due 2018, and a portion of its 6.5%
Senior Notes due 2021 and 6.25% Senior Notes due 2022, with the balance
of such proceeds to be used to fund the Partnership’s capital
expenditure program, for general working capital and for other general
partnership purposes. Any redemption of these series of senior notes
will be made by separate notice to holders of such senior notes and
nothing in this press release is intended to constitute such notice.
Barclays, BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., J.P.
Morgan, Morgan Stanley, Natixis, RBC Capital Markets, SunTrust Robinson
Humphrey, UBS Investment Bank, US Bancorp, and Wells Fargo Securities
acted as joint book-running managers for the Notes offering. A copy of
the prospectus supplement and accompanying base prospectus associated
with this offering may be obtained from the underwriters as follows:
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;
BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway,
New York, NY 10038. By email at firstname.lastname@example.org;
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;
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;
J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Ave.
Edgewood, NY 11717. Toll-Free: (866) 803-9204;
Morgan Stanley, Attention: Prospectus Department, 180 Varick Street,
2nd Floor, New York, NY 10014. By email at email@example.com,
or Toll-Free: (866) 718-1649;
Natixis, Attention: Natixis Securities Americas LLC Fixed Income
Syndicate, 1251 Avenue of the Americas (4th floor), New York, NY
10020. Toll-Free: (866) 245-0436;
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;
SunTrust Robinson Humphrey, Attention: High Yield Syndicate, 333
Peachtree Road, 10th Floor, Atlanta, GA 30326. By phone: (404)
UBS Investment Bank, Attention: Prospectus Dept., 299 Park Avenue, New
York, NY 10171. Toll-Free: (877) 827-6444, ext. 561 3884;
US Bancorp, Attention: Stephen Philipson – High Yield Syndicate, 214
North Tryon Street, Charlotte, NC 28202. By email at firstname.lastname@example.org,
or Toll-Free: (877) 558-2607; or
Wells Fargo Securities, LLC, 550 South Tryon Street, 7th Floor MAC
D1086-070, Charlotte, NC 28202. By email at email@example.com,
or Toll-Free: (800) 326-5897.
An electronic copy of the prospectus supplement and the accompanying
base prospectus is available from the Securities and Exchange
Commission’s (SEC) web site at http://www.sec.gov.
The Notes were offered pursuant to an effective shelf registration
statement that the Partnership 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 Notes 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