DCP Midstream Partners LP (DPM) announced that it has priced an underwritten public offering of 2.50 million common units representing limited partner interests at $25.40 per common unit. The offering is expected to close on Nov. 24, 2009. The Partnership also granted the underwriters a 30-day option to purchase up to 375,000 additional common units to cover any over-allotments, if any.
The Partnership intends to use the net proceeds from this offering, including proceeds from any exercise of the over-allotment option to either fund the purchase price of its announced acquisition of gas gathering and treating assets in Michigan, to reduce outstanding indebtedness under its revolving credit facility, and for general partnership purposes, or in the event the acquisition of gas gathering and treating assets in Michigan is not consummated, to reduce outstanding indebtedness under its revolving credit facility and for general partnership purposes.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.