Business News • MarketWire • Crestwood Midstream Partners LP Announces Proposed Private Offering of $150 Million Senior Notes Due 2019 |
Crestwood Midstream Partners LP Announces Proposed Private Offering of $150 Million Senior Notes Due 2019 |
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Crestwood Midstream Partners LP Announces Proposed Private Offering of $150 Million Senior Notes Due 2019
HOUSTON, TX--(Marketwire - Nov 8, 2012) - Crestwood Midstream Partners LP (NYSE: CMLP) ("Crestwood") announced today that it intends, subject to market and other conditions, to offer an additional $150,000,000 aggregate principal amount of its 7.75% Senior Notes due 2019 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Other than with respect to the date of issuance, issue price and CUSIP number, the Notes will have the same terms as Crestwood's existing outstanding $200,000,000 aggregate principal amount of 7.75% Senior Notes due 2019 (the "Existing Notes"). Once the Notes are registered and exchanged for exchange notes or become freely tradeable under Rule 144, Crestwood expects that the Notes and the Existing Notes will share a single CUSIP number and thereafter be fungible. The Notes will be guaranteed on a senior unsecured basis by certain of Crestwood's current and future domestic subsidiaries.
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