Rice Midstream prices public offering of common units
08/06/2016 15:01
Rice Midstream Partners LP announced the pricing of an underwritten public offering of 8 million common units representing limited partner interests, at a price to the public of USD 18.50 per common unit. In connection with the offering, the Partnership granted the underwriters a 30-day option to purchase up to an additional 1.2 million common units. The offering is expected to close on June 13, 2016, subject to customary closing conditions. RMP intends to use the net proceeds from this offering for general partnership purposes, including repayment of outstanding debt, acquisitions and capital expenditures. Wells Fargo Securities is acting as book-running manager of the offering.
08/06/2016 15:01
