Rose Rock Midstream, L.P. ("Rose Rock Midstream") announced today the pricing of its previously announced initial public offering of 7,000,000 of its common units representing limited partner interests at $20 per unit. Rose Rock Midstream has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 common units to cover over-allotments, if any. The common units will begin trading on the New York Stock Exchange on December 9, 2011 under the symbol "RRMS." The offering is expected to close on or about December 14, 2011, subject to customary closing conditions.
The common units offered to the public will represent an approximate 40.9% limited partner interest in Rose Rock Midstream, or an approximate 47.0% limited partner interest if the underwriters exercise their over-allotment option in full. SemGroup Corporation will indirectly own the remaining equity interests in Rose Rock Midstream, including the general partner interest and the related incentive distribution rights.
Barclays Capital, Citigroup and Deutsche Bank Securities are acting as joint book-running managers for the offering. In addition, UBS Investment Bank is acting as senior co-manager and Baird, BNP PARIBAS, BOSC, Inc., Credit Agricole CIB, Natixis, RBS, and Scotia Capital are acting as co-managers for the offering.
This offering of common units is being made only by means of a prospectus, copies of which may be obtained from:Barclays Capital Inc.c/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717 Barclaysprospectus@broadridge.com(888) 603-5847 CitigroupAttn: Prospectus DepartmentBrooklyn Army Terminal140 58th Street, 8th FloorBrooklyn, New York 11220 firstname.lastname@example.org(800) 831-9146 Deutsche Bank SecuritiesProspectus Department Harborside Financial Center100 Plaza OneJersey City, New Jersey 07311 email@example.com(800) 503-4611 A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities law in any such state or jurisdiction.
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