Chesapeake Midstream Partners, L.P. Announces Pricing of Secondary Public Offering of Common Units
03 February 2012 - 12:38AM
Business Wire
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced
the pricing of an underwritten public offering of 9,250,000 common
units representing limited partner interests owned by Global
Infrastructure Partners (GIP). GIP offered the units to the public
at $28.70 per unit and has granted the underwriters a 30-day option
to purchase up to 1,247,003 additional common units.
The Partnership will not receive any of the net proceeds from
this offering and the number of outstanding common units will
remain unchanged. The offering was made under the Partnership's
effective shelf registration statement on Form S-3, as amended,
filed with the Securities and Exchange Commission.
Citigroup, Morgan Stanley, BofA Merrill Lynch and Barclays
Capital acted as joint book-running managers for the offering. A
copy of the prospectus supplement and related prospectus may be
obtained from Citigroup, Brooklyn Army Terminal, 140 58th Street,
8th Floor, Brooklyn, NY 11220, Attention: Prospectus Dept., or by
calling (800) 831-9146 or by e-mailing batprospectusdept@citi.com.
The documents may be accessed when available on the U.S. Securities
and Exchange Commission’s website at www.sec.gov.
This press release is neither an offer to sell nor a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering may
be made only by means of a prospectus supplement and related
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
This press release includes forward-looking statements that
relate to, among other things, the offering of common units.
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. Factors that could cause actual
results to differ materially from expected results are described
under “Risk Factors” in our 2010 Annual Report on Form 10-K and in
the other reports we file with the Securities and Exchange
Commission.
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