Debt | Capital Markets
Boardwalk to Initiate Common Unit Offering
Print
|
Boardwalk Pipeline Partners LP plans to offer 11,000,000 common units representing limited partner interests in a registered offering.
The underwriters are also expected to be granted a 30-day option to purchase up to 1,650,000 additional common units.
Barclays, Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers for the common unit offering.
The Partnership expects to use the net proceeds from the offering, together with amounts to be contributed by its general partner to maintain its 2% general partner interest, to repay borrowings outstanding under the Partnership’s credit facility, but the Partnership may use a portion of the proceeds for…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations