MarkWest Energy sets investor call for $500 million 10-year notes; pricing Tuesday

By Paul A. Harris

Portland, Ore., Nov. 18 – MarkWest Energy Partners, LP and MarkWest Energy Finance Corp. plan to price a $500 million offering of non-callable 10-year senior notes (expected ratings Ba3/BB) Tuesday afternoon, according to a syndicate source.

An investor conference call is scheduled to get underway at 11:30 a.m. ET.

Wells Fargo Securities LLC is the left bookrunner for the public offering. Barclays, BofA Merrill Lynch, Goldman Sachs & Co., Morgan Stanley & Co. LLC, RBC Capital Markets, SunTrust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. are the joint bookrunners.

BBVA, Capital One, Citigroup Global Markets Inc., Comerica, J.P. Morgan Securities LLC, Natixis, PNC Capital Markets, MUFG and UBS Investment Bank are the co-managers.

The Denver-based master limited partnership plans to use the proceeds to repay bank debt.

Publicly traded MarkWest Energy Partners is engaged in the gathering, processing and transportation of natural gas, as well as the gathering, transportation, exchange, fractionation, storage and marketing of natural gas liquids (NGLs), and the gathering and transportation of crude oil.

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