Deal Details
Follow-on Offering
Summary
Baird served as a co-manager in this offering
About
EV Energy Partners, L.P. (NASDAQ: EVEP) (“EVEP” or the “Partnership”) recently completed a follow-on offering of 3,450,000 common units representing limited partner interests at a price of $44.42 per unit. The offering generated $153.2 million of gross proceeds. The Partnership intends to use the net proceeds to repay indebtedness outstanding under its existing revolving credit facility.EVEP is a master limited partnership engaged in acquiring, producing and developing oil and gas properties. EVEP’s assets consist primarily of interests in producing and nonproducing oil and natural gas properties located primarily in the Barnett Shale, the Appalachian Basin, the Mid-Continent area, the San Juan Basin, the Monroe Field, the Permian Basin, Central and East Texas, and Michigan.
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- Date
- March 2011
- Company
- EV Energy Partners, L.P.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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