DCP Midstream Partners, LP (NYSE: DPM) (the Partnership) announced today that its wholly-owned subsidiary, DCP Midstream Operating, LP (the Operating Partnership), intends to issue Senior Notes that will be fully and unconditionally guaranteed by the Partnership.
The Operating Partnership intends to use the net proceeds from the offering to repay amounts outstanding under the Operating Partnership’s existing term loans and for general partnership purposes.
J.P. Morgan Securities LLC, RBS Securities Inc. and SunTrust Robinson Humphrey, Inc. will act as joint book-running managers for the offering. When available, a copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from any of the underwriters by contacting:
|J.P. Morgan Securities LLC|
|383 Madison Avenue|
|New York, New York 10179|
|Attention: Investment Grade Syndicate Desk - 3rd floor|
|Telephone: (212) 834-4533|
|RBS Securities Inc.|
|600 Washington Boulevard|
|Stamford, CT 06901|
|Telephone: (866) 884-2071|
|SunTrust Robinson Humphrey, Inc.|
|3333 Peachtree Road, 11th floor|
|Atlanta, Georgia 30326|
|Attn: Prospectus Department|
|Telephone: (800) 685-4786|
You may also obtain these documents free of charge when they are available by visiting the Securities and Exchange Commission’s website at www.sec.gov.The senior notes are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. This press release does 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This offering may be made only by means of the preliminary prospectus supplement and accompanying prospectus.