Azure Midstream to price public offering of 3.5 million common units

BofA Merrill Lynch, J.P. Morgan, RBC and Wells Fargo are bookrunners

By Devika Patel

Knoxville, Tenn., June 16 – Azure Midstream Partners, LP said it will conduct a public sale of 3.5 million common units with a 30-day greenshoe of 525,000 additional common units.

BofA Merrill Lynch, J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC are the bookrunners. Robert W. Baird & Co. Inc. and Stifel, Nicolaus & Co., Inc. are senior co-managers and Janney Montgomery Scott LLC and Oppenheimer & Co. Inc. are co-managers.

Proceeds will be used to repay debt under the company’s credit facility.

The Dallas company was formed to develop, own, operate and acquire midstream energy assets.

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