Copano Energy to pay down revolver with common units proceeds

By Toni Weeks

San Diego, Oct. 18 - Copano Energy, LLC plans to use the proceeds from its planned common units offering to repay a portion of the company's revolving credit facility.

According to a 424B3 filing with the Securities and Exchange Commission, the company is selling 6 million common units via joint bookrunning managers Barclays, Bank of America Merrill Lynch, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Goldman Sachs & Co. and RBC Capital Markets, LLC. The deal has a 30-day greenshoe.

Houston-based Copano is an energy company that provides midstream services to natural gas producers.

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