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MarkWest Energy to redeem 8¾%, 6½%, 6¼% senior notes via proceeds
By Ashley Montgomery
Kansas City, Kan., Jan. 7 - MarkWest Energy Partners LP plans to use the proceeds from its $1 billion offering of senior unsecured notes due 2023 to redeem other senior note issues, according to a news release.
The company said it would redeem all of its 8¾% senior notes due 2018, a portion of its 6½% senior notes due 2021 and a portion of its 6¼% senior notes due 2022.
Remaining proceeds will be used to fund the partnership's capital expenditure program and for general working capital and other general partnership purposes, the release noted.
MarkWest is a Denver-based natural gas gathering and transmission company.
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