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Copano Announces Public Offering Of Common Units

Stocks in this article: CPNO





HOUSTON, Jan. 12, 2012 /PRNewswire/ -- Copano Energy, L.L.C. (NASDAQ: CPNO) today announced the commencement of a public offering of 4,500,000 common units representing limited liability company interests in the company. Copano also intends to grant the underwriters a 30-day option to purchase up to 675,000 additional common units if the underwriters sell more than 4,500,000 common units in the offering.

Copano intends to use the net proceeds from the offering, including the proceeds from any exercise of the underwriters' option to purchase additional common units, to repay a portion of the outstanding indebtedness under its revolving credit facility and expects to use the increased borrowing capacity as needed for capital projects, acquisitions, hedging, working capital and general corporate purposes.

Barclays Capital, BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Deutsche Bank Securities and Wells Fargo Securities are joint book-running managers for the offering. Goldman, Sachs & Co. and RBC Capital Markets are acting as joint lead managers of the offering. An investor may obtain a free copy of the prospectus by visiting EDGAR on the SEC website at www.sec.gov. When available, a copy of the prospectus supplement and accompanying base prospectus relating to this offering may also be obtained from the underwriters as follows:

Barclays Capitalc/o Broadridge Financial Solutions1155 Long Island Avenue, Edgewood, NY 11717Email: barclaysprospectus@broadridge.comTelephone: (888) 603-5847

BofA Merrill LynchAttn: Prospectus Department4 World Financial Center New York, NY 10080Email: dg.prospectus_requests@baml.com

J.P. Morganc/o Broadridge Financial Solutions1155 Long Island Avenue Edgewood, New York 11717Telephone: (866) 803-9204

Morgan StanleyAttn: Prospectus Dept.180 Varick Street, 2nd Floor New York, New York 10014Email: prospectus@morganstanley.comTelephone: (866) 718-1649

Deutsche Bank SecuritiesProspectus Department Harborside Financial Center100 Plaza One Jersey City, New Jersey 07311Email: prospectus.cpdg@db.comTelephone: (800) 503-4611

Wells Fargo SecuritiesAttn: Equity Syndicate Dept. 375 Park Avenue New York, NY 10152Phone: (800) 326-5897Email: cmclientsupport@wellsfargo.com

The common units will be offered and sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

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