| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item |
Crestwood begins cash tender offer to purchase 6¼% notes due 2023
By Taylor Fox
New York, Jan. 6 – Crestwood Midstream Partners LP, a wholly owned subsidiary of Crestwood Equity Partners LP, commenced a cash tender offer to purchase any and all of its $687.19 million outstanding 6¼% senior notes due 2023, according to a news release.
Holders who tender notes, or complete a notice of guaranteed delivery, prior to the expiration time will receive $1,008.40 per $1,000 of notes tendered and accepted for purchase, plus interest to but excluding the settlement date.
The offer will expire at 5 p.m. ET Jan. 13. Tendered notes may be withdrawn at any time prior to the expiration of the offer.
The offer is contingent upon, among other things, Crestwood’s successful completion of a proposed debt financing transaction, the gross proceeds of which will be at least $700 million. The offer is not conditioned on any minimum amount of 2023 notes being tendered.
D.F. King & Co., Inc. (866 416-0553, 212 269-5550; cmlp@dfking.com) is the information and tender agent.
RBC Capital Markets LLC (877 381-2099, 212 618-7843) is the lead dealer manager, and Wells Fargo Securities, LLC is co-dealer manager.
Crestwood is a Houston-based owner and operator of crude oil and natural gas assets.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.