Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering
About
BreitBurn Energy Partners L.P. (“BreitBurn Energy” or the “Partnership”) (NASDAQ: BBEP) recently completed a follow-on offering of 18,975,000 common units at a price of $18.22 per unit, generating gross proceeds of approximately $345.7 million. The Partnership intends to use the net proceeds from the offering to repay outstanding debt under its bank credit facility. BreitBurn Energy is a publicly traded independent oil and gas limited partnership focused on the acquisition, exploitation and development of oil and gas properties. These producing and non-producing crude oil and natural gas reserves are located primarily in the Antrim Shale and several non-Antrim formations in Michigan; the Evanston, Green River, Wind River, Big Horn and Powder River Basins in Wyoming; the Los Angeles and San Joaquin Basins in California; the Permian Basin in Texas; the Oklahoma Panhandle; the Sunniland Trend in Florida; and the New Albany Shale in Indiana and Kentucky. BreitBurn Energy is headquartered in Los Angeles, California.For additional information about this transaction, please contact:
- Date
- November 2013
- Company
- BreitBurn Energy Partners L.P.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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