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Access Midstream Partners, L.P. Announces Public Offering Of Common Units

Stocks in this article: ACMP

Access Midstream Partners, L.P. (NYSE:ACMP) today announced the commencement of an underwritten public offering of 13,750,000 common units representing limited partner interests of the Partnership. The Partnership will also grant the underwriters a 30-day option to purchase up to 2,062,500 additional common units. The Partnership intends to use the net proceeds from this offering, including any net proceeds from the underwriters’ exercise of their option, to fund a portion of the purchase price of its pending acquisition of Chesapeake Midstream Operating, L.L.C., a midstream gas gathering and processing business owned by Chesapeake Midstream Development, L.L.C., a wholly owned subsidiary of Chesapeake Energy Corporation.

Citigroup, Barclays and UBS Investment Bank will act as joint book-running managers for the offering.

When available, copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission’s website at www.sec.gov or from the underwriters of the offering as follows:

 

Citigroup

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717

batprospectusdept@citi.com

Tel: (800) 831-9146
 

Barclays

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717

barclaysprospectus@broadridge.com

Tel: (888) 603-5847
 

UBS Investment Bank

Attn: Prospectus Specialist
299 Park Avenue
New York, New York 10171
Tel: (877) 827-6444, ext. 561-3884
 

The common units will be offered and sold pursuant to an effective shelf registration statement 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is being 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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