BreitBurn Energy to repay credit facility debt with stock proceeds

By Ashley Montgomery

Kansas City, Kan., Sept. 5 - BreitBurn Energy Partners LP plans to use the proceeds from its offering of common units to repay its bank credit facility, according to a filing with the Securities and Exchange Commission.

The company owed $432 million under the facility at the end of August.

BreitBurn is a Los Angeles-based limited partnership focused on the acquisition, exploitation and development of oil and gas properties.

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