Crestwood Midstream Announces Extension of Exchange Offer for 5.75% Senior Notes due 2025
July 19 2017 - 8:45AM
Business Wire
Crestwood Midstream Partners LP (“CMLP”), a wholly-owned
subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced
today that it has extended the expiration date of its offer to
exchange up to $500,000,000 of new 5.75% Senior Notes due 2025 (the
“new notes”) that have been registered under the Securities
Act of 1933, as amended, for an equal amount of outstanding
unregistered 5.75% Senior Notes due 2025 (the “old notes”).
As a result of the extension, the exchange offer is now scheduled
to expire at 5:00 P.M., New York City time, on July 21, 2017,
unless further extended.
The exchange offer was originally set to expire at 12:00
midnight, New York City time, on July 19, 2017. As of this date,
tenders of approximately $272.2 million aggregate principal amount,
or 54.4%, of the old notes have been received pursuant to the
exchange offer. Except for the extension of the expiration date,
all of the other terms of the exchange offer remain as set forth in
the exchange offer prospectus, dated June 19, 2017.
This press release is not an offer to exchange the new notes for
the old notes or the solicitation of an offer to exchange, which we
are making only through the exchange offer prospectus.
About Crestwood Midstream Partners
LP
Houston, Texas, based CMLP is a limited partnership and
wholly-owned subsidiary of CEQP that owns and operates midstream
businesses in multiple unconventional shale resource plays across
the United States. CMLP is engaged in the gathering, processing,
treating, compression, storage and transportation of natural gas;
storage, transportation, terminalling, and marketing of NGLs; and
gathering, storage, terminalling and marketing of crude oil.
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Crestwood Midstream Partners LPInvestor
ContactJosh Wannarka, (713)
380-3081josh.wannarka@crestwoodlp.comVice President, Investor
Relations
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