MarkWest Energy to pay down revolver with senior notes proceeds

By Sara Rosenberg

New York, Oct. 18 - MarkWest Energy Partners LP plans on repaying borrowings under its revolving credit facility using proceeds from the sale of $500 million of senior unsecured notes, according to a news release.

Remaining proceeds will be used to repay $375 million of the company's 6.875% senior notes and to provide working capital for general partnership purposes.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.