MarkWest Energy pricing $1 billion 10.5-year bullet notes Monday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Jan. 7 - MarkWest Energy Partners LP and MarkWest Energy Finance Corp. plan to sell a $1 billion 10.5-year issue of senior notes (expected ratings Ba3/BB) on Monday, a market source said.

An investor call was scheduled to take place at 10:30 a.m. ET.

Barclays is the lead left bookrunner.

Bank of America Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC, SunTrust Robinson Humphrey Inc., UBS Securities LLC, U.S. Bancorp Investment Inc. and Wells Fargo Securities LLC are the joint bookrunners.

Capital One and Comerica are the co-managers on the Securities & Exchange Commission-registered deal.

The notes will be non-callable and carry a make-whole call at Treasuries plus 50 bps.

Proceeds will be used for general partnership purposes, including capital expenditures and refinancing debt, which may include a make-whole call of the company's outstanding senior notes due 2018 and equity claw redemptions for a portion of its outstanding notes due 2021 and 2022.

MarkWest is a Denver-based natural gas gathering and transmission company.

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