Baird served as a senior co-manager on this offering
AboutDCP Midstream Partners, LP (“DCP Midstream Partners” or the “Partnership”) (NYSE: DPM) recently completed a follow-on offering of 14,375,000 common units at a price of $48.90 per unit, generating gross proceeds of approximately $702.9 million. The Partnership intends to use the net proceeds from the offering to repay indebtedness outstanding under its commercial paper program, to pay a portion of the purchase price of the Partnership’s previously announced dropdown transaction, for organic growth projects 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 recovering and selling condensate; and transporting, storing and selling propane in wholesale markets. DCP Midstream Partners is headquartered in Denver, Colorado.
For additional information about this transaction, please contact:
- March 2014
- DCP Midstream Partners, LP
- Target Location
- North America