Chesapeake Midstream Partners, L.P. Announces Secondary Public Offering of Common Units by Global Infrastructure Partners
October 11 2011 - 4:16PM
Business Wire
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced
the commencement of an underwritten public offering of 10 million
common units representing limited partner interests owned by Global
Infrastructure Partners (GIP). GIP has granted the underwriters a
30-day option to purchase up to 1.5 million additional common
units.
The Partnership will not receive any of the net proceeds from
this offering, and the number of outstanding common units will
remain unchanged. The offering will be made under the Partnership's
effective shelf registration statement on Form S-3, as amended,
filed with the Securities and Exchange Commission.
Citigroup, Morgan Stanley, Barclays Capital, Wells Fargo
Securities, BofA Merrill Lynch and RBC Capital Markets are acting
as joint book-running managers for the offering. A copy of the
prospectus supplement and related prospectus may be obtained from
Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor,
Brooklyn, NY 11220, Attention: Prospectus Dept., or by calling
(800) 831-9146 or by e-mailing batprospectusdept@citi.com. The
documents are also available on the U.S. Securities and Exchange
Commission’s website at www.sec.gov.
This press release is neither an offer to sell nor a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering may
be made only by means of a prospectus supplement and related
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
This press release includes forward-looking statements that
relate to, among other things, the offering of common units.
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. Factors that could cause actual
results to differ materially from expected results are described
under “Risk Factors” in our 2010 Annual Report on Form 10-K.
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