MarkWest Energy to pay down revolver debt with senior notes proceeds

By Sara Rosenberg

New York, Nov. 18 – MarkWest Energy Partners LP plans to repay borrowings under its revolving credit facility using a portion of the proceeds from a $500 million offering of senior unsecured notes, according to a news release.

Remaining proceeds will be used to fund the company’s capital expenditure program and to provide working capital for general partnership purposes.

MarkWest is a Denver-based company that gathers and transports natural gas, natural gas liquids and crude oil.

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