Eagle Rock Energy starts roadshow for $300 million eight-year notes

By Paul A. Harris

Portland, Ore., May 18 - Eagle Rock Energy Partners LP began a roadshow on Wednesday for a $300 million offering of eight-year senior notes (/B-/), according to an informed source.

The notes, which are coming via special purpose vehicle Eagle Rock Energy Finance Corp., are set to price during the week ahead.

Wells Fargo Securities LLC is the left bookrunner for the Rule 144A with registration rights offering.

Bank of America Merrill Lynch, BNP Paribas and RBS Securities Inc. are the joint bookrunners.

BBVA Securities, Citigroup Global Markets Inc., Comerica Investments, ING, Morgan Keegan, RBC Capital Markets and Scotia Capital are the senior co-managers. Capital One South Coast is the co-manager.

The notes come with four years of call protection.

The Houston-based natural gas company plans to use the proceeds to repay revolver borrowings and debt assumed in the Crow Creek acquisition and for general corporate purposes.

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