HOUSTON, Oct. 18, 2013 /PRNewswire/ -- EV Energy Partners, L.P. (NASDAQ: EVEP) (the "Partnership") today announced that its public offering of 5,000,000 common units was priced at $36.86 per unit to the public. The Partnership expects the delivery to occur on October 23, 2013. In addition, the underwriters have an over-allotment option to purchase up to 750,000 common units.
Assuming no exercise of the over-allotment option, the Partnership expects to receive net proceeds from the offering of approximately $181.2 million, after deducting the underwriting discounts and commissions and estimated offering expenses, and including the Partnership's general partner's proportionate capital contribution.
The Partnership intends to use the net proceeds from the offering, including the proceeds from any exercise of the over-allotment option of common units, to repay borrowings outstanding under its senior secured credit facility.
Wells Fargo Securities, Citigroup, J.P. Morgan, Raymond James, RBC Capital Markets, Baird, and Credit Suisse will act as joint book-running managers of the underwritten offering of common units. This offering of common units will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained from:Wells Fargo SecuritiesAttn: Equity Syndicate Dept.375 Park AvenueNew York, NY 10152Telephone: (800) 326-5897 Email: email@example.com Citigroup c/o Broadridge Financial Solutions1155 Long Island Avenue Edgewood, NY 11717Phone: (800) 831-9146Email: firstname.lastname@example.org J.P. Morganvia Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: (866) 803-9204 Raymond JamesAttn: Prospectus Department880 Carillon Parkway St. Petersburg, FL 33716Telephone: (800) 248-8863Email: email@example.com RBC Capital MarketsAttn: Equity SyndicateThree World Financial Center200 Vesey Street, 8th Floor New York, NY 10281-8098Telephone: (877) 822-4089 BairdAttention: Syndicate Department777 East Wisconsin Avenue Milwaukee, WI 53202-5391Telephone: (800) 792-2413Email: firstname.lastname@example.org Credit SuisseAttn: Prospectus DepartmentOne Madison Avenue New York, NY 10010Telephone: (800) 221-1037Email: Newyork.email@example.com An electronic copy of the preliminary prospectus supplement and accompanying base prospectus may also be obtained at no charge at the Securities and Exchange Commission's website at www.sec.gov. EV Energy Partners, L.P., is a master limited partnership engaged in acquiring, producing and developing oil and gas properties.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV