logo
Share SHARE
FONT-SIZE Plus   Neg

MarkWest Energy Partners Closes Public Offering Of 6.79 Mln Common Units

MarkWest Energy Partners L.P. (MWE) announced the closing of its public offering of 6.79 million common units at $59.54 per common unit, which includes 885,000 common units purchased pursuant to the full exercise of the underwriters' option to purchase additional common units.

MarkWest said that it intends to use the approximately $388.0 million in net proceeds from the offering, after deducting underwriting discounts, commissions and offering expenses, to partially fund its ongoing capital expenditure program.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
RELATED NEWS
Trade MWE now with 
Follow RTT