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Mid-Con Energy Partners, LP Announces Pricing Of Public Offering Of 4,000,000 Common Units

Stock quotes in this article: MCEP

DALLAS, Oct. 16, 2012 (GLOBE NEWSWIRE) -- Mid-Con Energy Partners, LP (Nasdaq:MCEP) ("Mid-Con Energy" or the "Partnership") announced today the pricing of its public offering of 4,000,000 common units representing limited partner interests in Mid-Con Energy at a price to the public of $21.20 per unit. 1,000,000 common units are being offered by Mid-Con Energy and 3,000,000 common units are being offered by Yorktown Energy Partners VI, L.P., Yorktown Energy Partners VII, L.P. and Yorktown Energy Partners VIII, L.P. (collectively, "Yorktown"). The underwriters have been granted a 30-day option to purchase up to an additional 600,000 common units from Yorktown. The offering is expected to close on October 22, 2012, subject to customary closing conditions.

Mid-Con Energy intends to use net proceeds from its offering of approximately $20.4 million, after deducting underwriting discounts but before offering expenses, to repay borrowings outstanding under its credit facility. Mid-Con Energy will not receive any proceeds from the offering of common units sold by Yorktown.

RBC Capital Markets, LLC, Raymond James & Associates, Inc., UBS Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers. Robert W. Baird & Co. Incorporated, Oppenheimer & Co. and Stephens Inc. are acting as co-managers for the offering. This offering of common units will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from the offices of:

RBC Capital Markets, LLC
Attention: Prospectus Department
3 World Financial Center
200 Vesey Street, 8th Floor
New York, New York 10281
Telephone: (877) 822-4089
 
Raymond James & Associates, Inc.
Attention: Equity Syndicate
880 Carillon Parkway
Tower 3, 5th Floor
St. Petersburg, Florida 33716
Telephone: (800) 248-8863
 
UBS Securities LLC
Attention: Prospectus Department
299 Park Avenue
New York, New York 10171
Telephone: (888) 827-7275
 
Wells Fargo Securities, LLC
Attention: Equity Syndicate Department
375 Park Avenue
New York, New York 10152
Email: cmclientsupport@wellsfargo.com
Telephone: (800) 326-5897

An electronic copy of the preliminary prospectus may also be obtained at no charge at the United States Securities and Exchange Commission website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, 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.

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