MarkWest Energy Partners, L.P. (NYSE: MWE and the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation announced today that they have priced at 99.015% of par an upsized offering of $750,000,000 in aggregate principal amount of 5½% senior unsecured notes due 2023 (the “Notes”). The offering of the Notes is expected to settle on August 10, 2012, subject to customary closing conditions.
Wells Fargo Securities, BofA Merrill Lynch, Barclays, Citigroup, Goldman, Sachs & Co., J.P. Morgan, RBC Capital Markets, UBS Investment Bank and US Bancorp are acting as joint book-running managers for the Notes offering. The Notes offering is being made only by means of a prospectus supplement and accompanying base prospectus. A copy of the prospectus supplement and accompanying base prospectus associated with this offering may be obtained from the underwriters as follows:
|•||Wells Fargo Securities, LLC, 550 South Tryon Street, 7th Floor MAC D1086-070, Charlotte, NC 28202. By email at firstname.lastname@example.org, or Toll-Free: (800) 326-5897;|
|•||BofA Merrill Lynch, Attention: Preliminary Prospectus Department, 4 World Financial Center, New York, NY 10080. By email at dg.Prospectus_Requests@baml.com;|
|•||Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Ave. Edgewood, NY 11717. By email at email@example.com, or Toll-Free: (888) 603-5847;|
|•||Citigroup, Attention: Prospectus Dept, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220. By email at firstname.lastname@example.org, or Toll-Free: (800) 831-9146;|
|•||Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282. By email at email@example.com, or Toll-Free: (866) 471-2526;|
|•||J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717. Toll-Free: (866) 803-9204;|
|•||RBC Capital Markets, Attention: High Yield Capital Markets, Three World Financial Center, 200 Vesey Street, 10th Floor, New York, NY 10281-8098. By email at CM-USA-Prospectus@rbc.com, or Toll-Free: 877-280-1299;|
|•||UBS Investment Bank, Attention: Prospectus Specialist, 299 Park Avenue, New York, NY 10171. Toll-Free: (877) 827-6444, ext. 561 3884; or|
|•||US Bancorp, 214 North Tryon Street, 26th Floor, Charlotte, NC 28202.|
The Partnership intends to use the net proceeds from the Notes offering, after deducting underwriting discounts, commissions, and offering expenses, of approximately $731 million, to repay borrowings under our revolving credit facility and for general partnership purposes, including, but not limited to, funding capital expenditures and general working capital.
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