Blueknight Energy prices public offering of common units
17/09/2014 11:56
Blueknight Energy Partners, L.P. announced that it has priced an underwritten public offering of 8,500,000 common units representing limited partner interests of the Partnership at a public offering price of USD 7.61 per common unit. The offering is expected to close on or about September 22, 2014, subject to customary closing conditions. The Partnership has also granted the underwriters a 30-day option to purchase up to 1,275,000 additional common units. The Partnership intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, for general partnership purposes, including the repayment of a portion of the outstanding borrowings under the Partnership’s credit facility and partially funding the Partnership’s Eaglebine pipeline project. Wells Fargo Securities, RBC Capital Markets and BofA Merrill Lynch are acting as joint book-running managers for the offering. Stephens Inc. and SunTrust Robinson Humphrey are acting as co-managers for the offering.
17/09/2014 11:56
Blueknight Energy Partners, L.P. announced that it has priced an underwritten public offering of 8,500,000 common units representing limited partner interests of the Partnership at a public offering price of USD 7.61 per common unit. The offering is expected to close on or about September 22, 2014, subject to customary closing conditions. The Partnership has also granted the underwriters a 30-day option to purchase up to 1,275,000 additional common units. The Partnership intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, for general partnership purposes, including the repayment of a portion of the outstanding borrowings under the Partnership’s credit facility and partially funding the Partnership’s Eaglebine pipeline project. Wells Fargo Securities, RBC Capital Markets and BofA Merrill Lynch are acting as joint book-running managers for the offering. Stephens Inc. and SunTrust Robinson Humphrey are acting as co-managers for the offering.
