Deal Details
Follow-On Offering
Summary
Baird served as a senior co-manager on this offering.
About
Azure Midstream Partners, LP (“Azure” or the “Partnership”) (NYSE: AZUR) recently completed a follow-on offering of 3,500,000 common units at a price of $14.17 per unit, generating gross proceeds of approximately $49.6 million. The Partnership intends to use the proceeds from the offering to reduce outstanding borrowings under its credit facility. Azure is a fee-based, growth-oriented limited partnership formed to develop, own, operate and acquire midstream energy assets. The Partnership currently provides natural gas gathering, compression, dehydration, treating, processing and hydrocarbon dew-point control and transportation services via its gathering and processing business segment, and crude oil transloading services via its logistics business segment. Azure is headquartered in Dallas, Texas.For additional information about this transaction, please contact:
- Date
- June 2015
- Company
- Azure Midstream Partners, LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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