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Inergy Midstream, L.P. Prices Public Offering Of Common Units

Stocks in this article: NRGM

Inergy Midstream, L.P. (NYSE:NRGM), a Delaware limited partnership (“Inergy Midstream”), announced today that it has priced an underwritten public offering of 11,000,000 common units representing limited partner interests at $22.50 per common unit. Inergy Midstream has also granted the underwriters a 30-day option to purchase up to 1,650,000 additional common units. The offering is expected to close on September 13, 2013, subject to customary closing conditions.

Inergy Midstream intends to use the net proceeds from this offering (and the net proceeds from any exercise of the underwriters’ option to purchase additional common units) to repay borrowings under its revolving credit facility, with the remaining net proceeds to be used for ongoing expansion projects in its midstream business and for general partnership purposes.

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. A shelf registration statement (including a prospectus) for the offering to which this communication relates was previously filed by Inergy Midstream with the U.S. Securities and Exchange Commission (“SEC”) and became effective on March 28, 2013. The offering will 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.

Barclays, BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Citigroup, J.P. Morgan and RBC Capital Markets will act as joint book-running managers for the offering. A copy of the prospectus and related preliminary prospectus supplement associated with this offering may be obtained from the underwriters as follows:

Barclaysc/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: 888-603-5847

Email: barclaysprospectus@broadridge.com

 

BofA Merrill Lynch

222 Broadway

New York, NY 10038

Attention: Prospectus Department

Email: dg.prospectus_requests@baml.com

 

Morgan Stanley

Attention: Prospectus Department

180 Varick Street, 2nd Floor

New York, NY 10014

Telephone: (866) 718-1649

Email: prospectus@morganstanley.com

Wells Fargo Securities

Attn: Equity Syndicate Dept.

375 Park Avenue

New York, New York 10152

Telephone: (800) 316-5897

Email: cmclientsupport@wellsfargo.com

 

Citigroup

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: 800-831-9146

Email: batprospectusdept@citi.com

J.P. Morgan

Attn: Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, New York 11717

Telephone: (866) 803-9204

 
RBC Capital Markets

Attention: Prospectus Department

Three World Financial Center

200 Vesey Street, 8th Floor, New York, NY 10281-8098

Telephone: (877) 822-4089

 

About Inergy Midstream, L.P.

Inergy Midstream, L.P. is a publicly traded master limited partnership that develops, owns, and operates predominantly fee-based natural gas, NGL and crude oil storage and transportation businesses.

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