OKLAHOMA CITY--(BUSINESS WIRE)--Dec. 12, 2012--
Access Midstream Partners, L.P. (NYSE:ACMP) today announced that it has
priced an upsized underwritten public offering of 16,000,000 common
units representing limited partner interests. The Partnership has
granted the underwriters a 30-day option to purchase up to 2,400,000
additional common units. The common units were offered to the public at
$32.15 per unit. The offering is expected to close on December 18, 2012,
subject to customary closing conditions. The Partnership intends to use
a portion of the net proceeds from the offering, including any net
proceeds received from an exercise of the underwriters’ option to
purchase additional common units, to fund a portion of the purchase
price of its pending acquisition of Chesapeake Midstream Operating,
L.L.C., a midstream gas gathering and processing business owned by
Chesapeake Midstream Development, L.L.C., a wholly owned subsidiary of
Chesapeake Energy Corporation, and the remainder for general partnership
Citigroup, Barclays, UBS Investment Bank, BofA Merrill Lynch, Morgan
Stanley and Wells Fargo Securities will act as joint book-running
managers for the offering.
When available, copies of the preliminary prospectus supplement,
prospectus supplement and accompanying base prospectus relating to the
offering may be obtained free of charge on the Securities and Exchange
Commission’s website at www.sec.gov
or from the underwriters of the offering as follows:
c/o Broadridge Financial Solutions
Edgewood, New York 11717
UBS Investment Bank
Attn: Prospectus Specialist
New York, New York 10171
Tel: (877) 827-6444, ext.
The common units were offered and sold pursuant to an effective shelf
registration statement previously filed with the Securities and Exchange
Commission. This press release does not constitute an offer to sell or
the 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
jurisdiction. The offering is being made only by means of a prospectus
and related prospectus supplement meeting the requirements of Section 10
of the Securities Act of 1933, as amended.
Access Midstream Partners, L.P. (NYSE:ACMP) is the industry’s
largest gathering and processing master limited partnership as measured
by throughput volume and owns, operates, develops and acquires natural
gas gathering systems and other midstream energy assets. Headquartered
in Oklahoma City, the Partnership's operations are focused on the
Barnett Shale, Haynesville Shale, Marcellus Shale and Mid-Continent
regions of the U.S.
This press release includes forward-looking statements.
Forward-looking statements give our current expectations or forecasts of
future events. They include but are not limited to our business
strategy and plans and objectives for future operations as well as our
future financial and operating results. 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 2011 Annual Report on Form 10-K and our other SEC filings.
Source: Access Midstream Partners, L.P.
Access Midstream Partners, L.P.
Debbie Nauser, 405-935-1739