Initial Public Offering
Baird served as a co-manager on this offering.
AboutJP 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:
- October 2014
- JP Energy Partners, LP
- Target Location
- North America