Access Midstream pricing $600 million 10-year notes on Tuesday

By Paul A. Harris

Portland, Ore., March 4 - Access Midstream Partners, LP and ACMP Finance Corp. plan to participate in an investor conference call at 11:30 a.m. ET Tuesday to discuss a $600 million offering of senior notes due March 15, 2024 (expected ratings Ba2/BB), according to a syndicate source.

The deal is set to price this afternoon.

Wells Fargo Securities LLC is the left bookrunner for the public offering. Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities and RBC Capital Markets Corp. are the joint bookrunners.

Barclays, BBVA, Credit Agricole CIB, DNB Markets, Morgan Stanley & Co. LLC, RBS Securities Inc., Scotia Capital, SunTrust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. are the senior co-managers.

BofA Merrill Lynch, Capital One, Comerica, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., SMBC Nikko, TD Securities and UBS Investment Bank are the co-managers.

The notes come with five years of call protection.

The Delaware limited partnership plans to use the proceeds for general partnership purposes, including funding working capital, repayment of debt or funding its capital expenditure programs or acquisitions.

Access Midstream owns, operates, develops and acquires natural gas, natural gas liquids, and oil gathering systems and other midstream energy assets.

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