Access Midstream to repay revolver using common unit proceeds

By Toni Weeks

San Luis Obispo, Calif., March 26 - Access Midstream Partners, LP plans to use the proceeds of its public offering of common units for general partnership purposes including repayment of amounts outstanding under the partnership's revolving credit facility.

The company will sell 9 million common units with a greenshoe of 1.35 million units via joint bookrunning managers Barclays, BofA Merrill Lynch, Citigroup, Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and UBS Investment Bank.

The natural gas services provider is based in Oklahoma City.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.