Follow-on Offering

Energy
Follow-on Offering

Summary

Baird served as a co-manager in this offering

About

Inergy, L.P. (NYSE: NRGY) (the “Partnership”) recently completed a follow-on offering of 9,000,000 common units representing limited partner interests at $36.00 per common unit, generating gross proceeds of approximately $324.0 million. The Partnership intends to use the net proceeds from this offering to repay borrowings under its revolving general partnership and working capital credit facilities, to fund ongoing expansion projects in its midstream business, and for general partnership purposes.

Inergy, L.P. is a publicly traded Delaware limited partnership that owns and operates a geographically diverse retail and wholesale propane supply, marketing and distribution business. The Partnership also owns and operates a growing midstream business that includes four natural gas storage facilities, a liquefied petroleum gas storage facility, a natural gas liquids business and a solution-mining and salt production company.

For additional information about this transaction, please contact:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Jim Penilla (314) 445-6536
Energy
Follow-on Offering
Date
June 2011
Company
Inergy, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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