By Laura Lutz
Des Moines, Dec. 18 - MarkWest Energy Partners, LP closed a $90 million private placement of units.
The company sold about 2.9 million units at $31.50 apiece.
Magnetar Capital was the lead investor. Funds managed by Kayne Anderson Capital Advisors, LP; Tortoise Capital Advisors, LLC; and Hartz Capital Investments, LLC also participated.
Proceeds will be used for general corporate purposes, including working capital and capital expenditures.
MarkWest is a natural gas company based in Denver.
| Issuer: | MarkWest Energy Partners, LP
|
| Issue: | Units
|
| Amount: | $90 million
|
| Units: | 2.9 million (approximate)
|
| Price: | $31.50
|
| Warrants: | No
|
| Investors: | Magnetar Capital (lead); Kayne Anderson Capital Advisors, LP; Tortoise Capital Advisors, LLC; Hartz Capital Investments, LLC
|
| Announcement date: | Dec. 18
|
| Stock symbol: | NYSE: MWE
|
| Stock price: | $32.74 at close Dec. 18
|
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