Baird served as a co-manager on this offering.
AboutBreitBurn 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:
- October 2014
- BreitBurn Energy Partners L.P.
- Target Location
- North America