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

Access Midstream Partners, L.P. (NYSE:ACMP) today announced the commencement of an underwritten public offering of 9,000,000 common units representing limited partner interests of the Partnership. The Partnership will also grant the underwriters a 30-day option to purchase up to 1,350,000 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, for general partnership purposes, including repayment of amounts outstanding under the Partnership’s revolving credit facility.

Barclays, BofA Merrill Lynch, Citigroup, Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities 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:
       

 

 
  • Citigroupc/o Broadridge Financial Solutions1155 Long Island AvenueEdgewood, New York 11717Phone: (800) 831-9146batprospectusdept@citi.com

 
  • Morgan StanleyAttn: Prospectus Department180 Varick Street, 2nd FloorNew York, New York 10014Phone: (866) 718-1649prospectus@morganstanley.com

 

 
  • Deutsche Bank SecuritiesAttn: Prospectus Group60 Wall StreetNew York, New York 10005-2836Phone: (800) 503-4611prospectus.cpdg@db.com
  • UBS Investment BankAttn: Prospectus Department299 Park AvenueNew York, New York 10171Phone: (888) 827-7275

 

 

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.

Access Midstream Partners, L.P. (NYSE:ACMP) is the industry’s largest gathering and processing master limited partnership as measured by throughput volume and owns, operates, develops and acquires natural gas gathering systems and other midstream energy assets. Headquartered in Oklahoma City, the Partnership's operations are focused on the Barnett, Eagle Ford, Haynesville, Marcellus, Niobrara and Utica Shales and the Mid-Continent region of the U.S.

This press release includes forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. They include but are not limited to statements regarding the completion of the offering, our proposed use of proceeds from the offering, our business strategy and plans and objectives for future operations and our future financial and operating results. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date of this release, and we undertake no obligations to update this information. Although we believe the expectations and forecasts reflected in these and other forward-looking statements are reasonable, we can give no assurance they will prove to be correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Factors that could cause actual results to differ materially from expected results are described under “Risk Factors” in our 2012 Annual Report on Form 10-K and our other SEC filings.

Copyright Business Wire 2010

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