MarkWest Energy talks $200 million 10-year notes at 8½%-8¾%, pricing Thursday or Friday

By Paul A. Harris

St. Louis, June 28 - MarkWest Energy Partners LP talked its $200 million offering of 10-year notes at 8½% to 8¾% on Wednesday, according to an informed source.

The offering is expected to price late Thursday or early Friday.

RBC Capital Markets, JP Morgan and Wachovia Securities are joint bookrunners for the notes, which are being offered via Rule 144A with registration rights and via Regulation S. A.G. Edwards, Credit Suisse, Fortis Securities, Mizuho International, Piper Jaffray and Societe Generale are co-managers.

The notes come with five years of call protection.

The Denver-based natural gas gathering and transmission company will use proceeds along with funds from a sale of 3 million common units to repay bank debt.

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