MarkWest Energy Partners to Sell $150MM Private Placement
MarkWest Energy Partners and its subsidiary MarkWest Energy Finance Corporation announced today that, subject to market conditions, they intend to sell in a private placement to eligible purchasers $150 million in aggregate principal amount of 6.875 percent senior unsecured notes due 2014.
The Partnership intends to use the net proceeds of this offering to repay borrowings under its revolving credit facility and ultimately to fund a portion of its 2009 capital program.
Although the terms of the notes are substantially the same as the terms of the Partnership's outstanding 6.875 percent senior notes due 2014, the notes will be issued under a different indenture and will not be part of the same series.
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