Access Midstream Partners completes $700 million placement of units

Company offers units of multiple securities to lead investor Europa

By Devika Patel

Knoxville, Tenn., Dec. 28 - Access Midstream Partners LP settled a private placement of units with GIP II Hawk Holdings Partnership, LP and Williams Cos., Inc. for about $700 million on Dec. 20, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The company sold 11,858,050 convertible class B units and 11,199,268 subordinated class C units.

The natural gas services provider is based in Oklahoma City.

Issuer:	Access Midstream Partners LP
Issue:	Convertible class B units, subordinated class C units
Amount:	$700 million (approximate)
Warrants:	No
Investor:	GIP II Hawk Holdings Partnership, LP and Williams Cos., Inc.
Settlement date:	Dec. 20
Stock symbol:	NYSE: ACMP
Stock price:	$32.36 at close Dec. 19
Market capitalization:	$4.88 billion
Class B units
Units:	11,858,050
Class C units
Units:	11,199,268

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