Breitburn Energy Partners LP Announces Public Offering of $400,000,000 of Senior Notes Due 2023
October 08 2014 - 7:09AM
Business Wire
Breitburn Energy Partners LP (NASDAQ:BBEP) announced today that
it has commenced a public offering, subject to market and other
conditions, of $400,000,000 aggregate principal amount of Senior
Notes due 2023 of Breitburn and Breitburn Finance Corporation
(Co-Issuer), its wholly owned subsidiary (Senior Notes). Initially,
the Senior Notes will be guaranteed by all of Breitburn’s
subsidiaries (other than the Co-Issuer) that guarantee borrowings
under its bank credit facility. Breitburn intends to use the net
proceeds from the offering to reduce outstanding borrowings under
its bank credit facility and for general partnership purposes.
Citigroup, BMO Capital Markets, Credit Suisse, J.P. Morgan, RBC
Capital Markets, RBS and Wells Fargo Securities will act as joint
book-running managers of the Senior Notes offering. When available,
a copy of the preliminary prospectus supplement and accompanying
base prospectus relating to the Senior Notes offering may be
obtained from:
Citigroupc/o Broadridge Financial Solutions1155 Long Island
AvenueEdgewood, NY 11717(tel: 800-831-9146)prospectus@citi.com
BMO Capital Markets3 Times Square, 28th FloorNew York, NY
10036Attn: Maya Patel(tel: 212-702-1882)
Credit SuisseProspectus DepartmentOne Madison AvenueNew York, NY
10010(tel: 212-325-2000)
J.P. Morganc/o Broadridge Financial Solutions1155 Long Island
AvenueEdgewood, NY 11717Attn: Post-Sale Fulfillment
RBC Capital MarketsThree World Financial Center, 10th Floor200
Vesey StreetNew York, NY 10281(tel: 877-280-1299)
RBSAttn: Syndicate600 Washington BoulevardStamford, CT
06901(tel: 866-884-2071)
Wells Fargo SecuritiesAttn: Client Support550 South Tryon
Street, 7th FloorCharlotte, NC 28202(tel:
800-326-5897)cmclientsupport@wellsfargo.com
An electronic copy of the preliminary prospectus supplement and
accompanying base prospectus may also be obtained at no charge at
the Securities and Exchange Commission’s website at www.sec.gov.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such jurisdiction. The offering may be made only by means of a
prospectus and prospectus supplement meeting the requirements of
Section 10 of the Securities Act of 1933, as amended. The offering
will be made pursuant to an effective shelf registration statement,
as amended, which was previously filed by Breitburn with the
Securities and Exchange Commission, and a prospectus supplement and
accompanying prospectus, which will be filed by Breitburn with the
Securities and Exchange Commission.
About Breitburn Energy Partners
LP
Breitburn Energy Partners LP is a publicly traded independent
oil and gas master limited partnership focused on the acquisition,
development and production of oil and gas properties throughout the
United States. Breitburn’s producing and non-producing crude oil
and natural gas reserves are located in Michigan, Oklahoma, Texas,
Wyoming, California, Florida, Indiana and Kentucky.
Cautionary Statement Regarding
Forward-Looking Information
This press release contains forward-looking statements relating
to Breitburn’s operations that are based on management’s current
expectations, estimates and projections about its operations. Words
and phrases such as “believe,” “expect,” “future,” “impact,”
“intend,” “will be” and variations of such words and similar
expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond Breitburn’s control and are
difficult to predict. These include risks relating to Breitburn’s
financial performance and results, availability of sufficient cash
flow and other sources of liquidity to execute its business plan,
prices and demand for natural gas and oil, increases in operating
costs, uncertainties inherent in estimating its reserves and
production, its ability to replace reserves and efficiently develop
its current reserves, political and regulatory developments
relating to taxes, derivatives and its oil and gas operations,
risks relating to its acquisitions, and the factors set forth under
the heading “Risk Factors” incorporated by reference from
Breitburn’s Annual Report on Form 10-K filed with the Securities
and Exchange Commission, and if applicable, its Quarterly Reports
on Form 10-Q and Current Reports on Form 8-K. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements. The reader should
not place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. Unless legally
required, Breitburn undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise. Unpredictable or unknown factors not
discussed herein also could have material adverse effects on
forward-looking statements.
BBEP-IR
Breitburn Energy Partners LPAntonio D’AmicoVice President,
Investor Relations & Government AffairsorJessica TangInvestor
Relations, Manager213-225-0390