Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering
About
DCP Midstream Partners, LP (“DCP Midstream Partners” or the “Partnership”) (NYSE: DPM) recently completed a follow-on offering of 9,000,000 common units at a price of $50.04 per unit, generating gross proceeds of approximately $450.4 million. The Partnership intends to use the net proceeds from the offering to repay indebtedness under its revolving credit facility and for general partnership purposes.DCP Midstream Partners is a publicly traded master limited partnership engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling natural gas liquids and condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream Partners is headquartered in Denver, Colorado.
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- Date
- August 2013
- Company
- DCP Midstream Partners, LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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