Initial Public Offering

Energy
Initial Public Offering

Summary

Baird served as a co-manager on this offering.

About

JP Energy Partners LP (“JP Energy” or the “Partnership”) (NYSE: JPEP) recently completed an initial public offering of 13,750,000 common units at a price of $20.00 per unit, generating gross proceeds of $275 million. The partnership intends to use proceeds from the offering to pay offering expenses, redeem its Series D preferred units, repay debt outstanding under its revolving credit facility and replenish working capital.

JP Energy is a limited partnership formed to own, operate, develop and acquire a diversified portfolio of midstream energy assets. The Partnership’s operations currently consist of four business segments: (i) crude oil pipelines and storage, (ii) crude oil supply and logistics, (iii) refined products terminals and storage and (iv) NGL distribution and sales. The Partnership is headquartered in Irving, Texas.

For additional information about this transaction, please contact:

Frank Murphy +1 (314) 445-6532
Gary Placek +1 (414) 765-3611
Nick Alfermann +1 (314) 445-6531
Energy
Initial Public Offering
Date
October 2014
Company
JP Energy Partners, LP
Transaction
M&A
Sectors
Energy
Target Location
North America

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