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BreitBurn Energy Partners L.P. Announces Pricing Of An Upsized Public Add-On Offering Of $400 Million Of Senior Notes Due 2022

Stocks in this article: BBEP

BreitBurn Energy Partners L.P. (the “ Partnership ”) (NASDAQ:BBEP) announced today that it has priced an offering of an additional $400 million aggregate principal amount of its 7.875% Senior Notes due 2022 (the “ Additional Notes ”). The offering was upsized to $400 million from the previously announced amount of $300 million. The Additional Notes are being offered as additional notes to the Partnership’s existing $450 million in aggregate principal amount of 7.875% Senior Notes due 2022 (the “ Existing Notes ”). The Additional Notes will have identical terms, other than the issue date and initial interest payment date, and will constitute part of the same series as and be fungible with the Existing Notes. The Additional Notes will be issued at a price equal to 100.250% of the principal amount thereof, resulting in a yield to worst of 7.823%. The Partnership intends to use the net proceeds from the offering of approximately $393.4 million, after expenses, to repay indebtedness outstanding under its bank credit facility. The Partnership expects to close the sale of the Additional Notes on November 22, 2013, subject to the satisfaction of customary closing conditions.

Wells Fargo Securities, LLC, Barclays Capital Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC and Mitsubishi UFJ Securities (USA), Inc. will act as joint book-running managers of the Additional Notes offering. When available, a copy of the prospectus supplement and accompanying base prospectus relating to the Additional Notes offering may be obtained from:

Wells Fargo Securities, LLCAttn: Client Support550 South Tryon Street, 7th Floor MAC D1086-070Charlotte, NC 28202Phone: (800) 326-5897

Barclays Capital Inc.c/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, NY 11717Phone: (888) 603-5847

BMO Capital Markets Corp.3 Times Square, 28 th FloorNew York, NY 10036Attention: Syndicate DeskPhone: (800) 414-3627

J.P. Morgan Securities LLC383 Madison Avenue, 3rd FloorNew York, NY 10179Attention: Syndicate DeskPhone: (800) 245-8812

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