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

Inergy Midstream, L.P. (NYSE:NRGM), a Delaware limited partnership (“Inergy Midstream”), announced today the commencement, subject to market conditions, of an underwritten public offering of 11,000,000 common units representing limited partner interests. Inergy Midstream also intends to grant the underwriters a 30-day option to purchase up to 1,650,000 additional common units.

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:
Barclays   BofA Merrill Lynch
c/o Broadridge Financial Solutions 222 Broadway
1155 Long Island Avenue New York, NY 10038
Edgewood, NY 11717 Attention: Prospectus Department
Telephone: 888-603-5847

Email: dg.prospectus_requests@baml.com

Email: barclaysprospectus@broadridge.com
 
Morgan Stanley Wells Fargo Securities
Attention: Prospectus Department Attn: Equity Syndicate Dept.
180 Varick Street, 2nd Floor 375 Park Avenue
New York, NY 10014 New York, New York 10152
Telephone: (866) 718-1649 Telephone: (800) 316-5897

Email: prospectus@morganstanley.com

Email: cmclientsupport@wellsfargo.com
 
Citigroup J.P. Morgan
c/o Broadridge Financial Solutions Attn: Broadridge Financial Solutions
1155 Long Island Avenue 1155 Long Island Avenue
Edgewood, NY 11717 Edgewood, New York 11717
Telephone: 800-831-9146 Telephone: (866) 803-9204

Email: batprospectusdept@citi.com
 
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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