Business News • MarketWire • Crestwood Midstream Partners LP Prices Offering of Common Units |
Crestwood Midstream Partners LP Prices Offering of Common Units |
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Crestwood Midstream Partners LP Prices Offering of Common Units
HOUSTON, TX--(Marketwire - Apr 29, 2011) - Crestwood Midstream Partners LP (NYSE: CMLP) ("Crestwood LP") announced today that it has priced a public offering of 1,800,000 common units at $30.65 per unit. The closing of the offering is expected to occur on May 4, 2011, subject to satisfaction of customary closing conditions. Crestwood LP intends to use the net proceeds from the offering to reduce the indebtedness outstanding under its revolving credit facility and for general partnership purposes. Barclays Capital is acting as the sole book-running manager for the offering.
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