By Sheri Kasprzak
New York, Dec. 27 - MarkWest Energy Partners, LP said it has received commitments for a $25,000,059 private placement.
Institutional investors, including the company's general partner, will buy 574,714 limited partnership units at $43.50 each.
Proceeds will be used for the repayment of debt under the partnership's term loan facility used to finance the Javelina acquisition on Nov. 1.
MarkWest, based in Denver, is a limited partnership with midstream natural gas assets.
| Issuer: | MarkWest Energy Partners, LP
|
| Issue: | Limited partnership units
|
| Amount: | $25,000,059
|
| Units: | 574,714
|
| Price: | $43.50
|
| Warrants: | No
|
| Announcement date: | Dec. 27
|
| Stock price: | $43.62 at close Dec. 23
|
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