Chesapeake Midstream Partners, L.P. Announces Pricing of $350 Million Private Placement of Senior Notes Due 2021
April 14 2011 - 12:55PM
Business Wire
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced
the pricing of its previously announced offering of $350 million of
senior notes due 2021 (the “Notes”). The Notes will bear interest
at a rate of 5.875% per annum. The closing of the offering is
expected to occur on April 19, 2011 and is subject to customary
closing conditions.
The Partnership intends to use the net proceeds of the proposed
offering to repay borrowings currently outstanding under its
revolving credit facility and for general Partnership purposes.
The Notes were offered inside the United States to qualified
institutional buyers in reliance on Rule 144A under the Securities
Act of 1933, as amended (the “Securities Act”), and outside the
United States to non-U.S. persons in reliance on Regulation S under
the Securities Act.
The Notes and the guarantees thereof have not been registered
under the Securities Act or any state securities laws and may not
be offered or sold in the United States absent registration or an
applicable exemption from registration requirements under the
Securities Act and any applicable state securities laws.
This press release is neither an offer to sell nor the
solicitation of an offer to buy the Notes or any other securities
and shall not constitute an offer, solicitation or sale in any
jurisdiction in which, or to any persons to whom, such an offer,
solicitation or sale is unlawful.
This press release includes forward-looking statements that
relate to, among other things, the offering of the Notes and the
expected use of proceeds from such offering. Forward-looking
statements give our current expectations or forecasts of future
events. We caution you not to place undue reliance on our
forward-looking statements, which speak only as of the date of this
release, and we undertake no obligations to update this
information. Although we believe the expectations and forecasts
reflected in these and other forward-looking statements are
reasonable, we can give no assurance they will prove to be correct.
They can be affected by inaccurate assumptions or by known or
unknown risks and uncertainties.
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