|MarkWest Energy Partners Announces Public Offering of $500 Million of Senior Notes Due 2023|
DENVER--(BUSINESS WIRE)--Aug. 6, 2012--
MarkWest Energy Partners, L.P. (NYSE: MWE) (the “Partnership”) and its
subsidiary MarkWest Energy Finance Corporation announced today that they
intend to commence a public offering of $500,000,000 in aggregate
principal amount of senior unsecured notes due 2023 (the “Notes”).
The Partnership intends to use the net proceeds from the Notes offering
to repay borrowings under its revolving credit facility and for general
partnership purposes, including, but not limited to, funding capital
expenditures and general working capital.
Wells Fargo Securities, BofA Merrill Lynch, Barclays, Citigroup,
Goldman, Sachs & Co., J.P. Morgan, RBC Capital Markets, UBS Investment
Bank and US Bancorp are acting as joint book-running managers for
the Notes offering. The Notes 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
this offering may be obtained from the underwriters as follows:
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;
BofA Merrill Lynch, Attention: Preliminary Prospectus Department, 4
World Financial Center, New York, NY 10080. By email at dg.Prospectus_Requests@baml.com;
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;
Citigroup, Attention: Prospectus Dept, Brooklyn Army Terminal, 140
58th Street, 8th floor, Brooklyn, NY 11220. 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
Avenue, Edgewood, NY 11717. Toll-Free: (866) 803-9204;
RBC Capital Markets, Attention: High Yield 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;
UBS Investment Bank, Attention: Prospectus Specialist, 299 Park
Avenue, New York, NY 10171. Toll-Free: (877) 827-6444, ext. 561 3884;
US Bancorp, 214 North Tryon Street, 26th Floor, Charlotte, NC 28202.
An electronic copy of the preliminary 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 are being 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 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