Follow-On Offering

Energy
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 14,000,000 common units at a price of $18.64 per unit, generating gross proceeds of approximately $261 million. The Partnership intends to use the net proceeds from the offering to reduce outstanding borrowings under its bank facility.

Breitburn Energy is a publicly traded independent oil and gas master limited partnership focused on the acquisition, development and production of oil and gas properties throughout the United States. BreitBurn Energy’s producing and non-producing crude oil and natural gas reserves are located in Michigan, Oklahoma, Texas, Wyoming, California, Florida, Indiana and Kentucky. The Partnership is headquartered in Los Angeles, California.

For additional information about this transaction, please contact:

Frank Murphy +1 (314) 445-6532
Curtis Goot +1 (314) 445-6540
Nick Alfermann +1 (314) 445-6531
Gary Placek +1 (414) 765-3611
Energy
Follow-On Offering
Date
October 2014
Company
BreitBurn Energy Partners L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

Share