Published on 5/6/2015 in the Prospect News PIPE Daily.
Mid-Con could raise $50 million through equity distribution agreement
Sales through group of agents will consist of company’s common units
By Devika Patel
Knoxville, Tenn., May 6 – Mid-Con Energy Partners, LP arranged a $50 million equity distribution agreement with RBC Capital Markets, LLC, MLV & Co. LLC, Raymond James & Associates, Inc., UBS Securities LLC and Wells Fargo Securities, LLC, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.
The company will sell its common units through the agents.
Mid-Con is a Dallas-based energy company.
Issuer: | Mid-Con Energy Partners, LP
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Issue: | Equity distribution agreement
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Amount: | $50 million
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Warrants: | No
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Agents: | RBC Capital Markets, LLC, MLV & Co. LLC, Raymond James & Associates, Inc., UBS Securities LLC and Wells Fargo Securities, LLC
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Settlement date: | May 6
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Stock symbol: | Nasdaq: MCEP
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Stock price: | $6.64 at close May 5
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Market capitalization: | $196.33 million
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