Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a senior co-manager on this offering

About

Eagle Rock Energy Partners, L.P. (NASDAQ: EROC) (“EROC” or the “Partnership”) recently completed a follow-on offering of 10,350,000 common units at a price of $9.31 per unit, generating gross proceeds of approximately $96.4 million. The Partnership intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its bank credit facility.

EROC is a domestically-focused, growth-oriented limited partnership engaged in the business of (i) gathering, compressing, treating, processing and transporting natural gas; fractionating and transporting NGLs; crude oil and condensate logistics and marketing; and natural gas marketing and trading; and (ii) developing and producing interests in oil and natural gas properties. EROC’s objective is to grow its business in a manner that enhances the Partnership’s ability to increase cash distributions to its unitholders. EROC is headquartered in Houston, Texas.

For additional information about this transaction, please contact:

Frank Murphy (314) 445-6532
Curtis Goot (314) 445-6540
Kjell Lundal (314) 445-6533
Gary Placek (414) 765-3611
Energy
Follow-On Offering
Date
March 2013
Company
Eagle Rock Energy Partners, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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