Chesapeake Midstream Partners, L.P. Announces Pricing of $750 Million Private Placement of Senior Notes Due 2022
07 January 2012 - 8:05AM
Business Wire
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced
the pricing of a private placement of $750 million of senior notes
due 2022 (the “Notes”). The offering was increased from a
previously announced offering size of $600 million. The Notes will
bear interest at a rate of 6.125% per annum. The closing of the
offering is expected to occur on January 11, 2012 and is subject to
customary closing conditions.
The Partnership intends to use the net proceeds of the proposed
offering to repay borrowings currently outstanding under its
revolving credit facility and for general Partnership purposes.
The Notes are being offered inside the United States to
qualified institutional buyers in reliance on Rule 144A under the
Securities Act of 1933, as amended (the “Securities Act”), and
outside the United States to non-U.S. persons in reliance on
Regulation S under the Securities Act.
The Notes and the guarantees thereof have not been registered
under the Securities Act or any state securities laws and may not
be offered or sold in the United States absent registration or an
applicable exemption from registration requirements under the
Securities Act and any applicable state securities laws.
This press release is neither an offer to sell nor the
solicitation of an offer to buy the Notes or any other securities
and shall not constitute an offer, solicitation or sale in any
jurisdiction in which, or to any persons to whom, such an offer,
solicitation or sale is unlawful.
This press release includes forward-looking statements that
relate to, among other things, the closing of the offering of the
Notes and the expected use of proceeds from such offering.
Forward-looking statements give our current expectations or
forecasts of future events. We caution you not to place undue
reliance on our forward-looking statements, which speak only as of
the date of this release, and we undertake no obligations to update
this information. Although we believe the expectations and
forecasts reflected in these and other forward-looking statements
are reasonable, we can give no assurance they will prove to be
correct. They can be affected by inaccurate assumptions or by known
or unknown risks and uncertainties.
Access Midstream Partners L.P. (NYSE:CHKM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Access Midstream Partners L.P. (NYSE:CHKM)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Access Midstream Partners L.P. (New York Stock Exchange): 0 recent articles
More Chesapeake Midstream Partners, L.P. News Articles