•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Buckeye Partners prices $500M senior notes offering

    Buckeye Partners LP

    Buckeye Partners LP (NYSE:BPL) has priced $500 million of senior unsecured notes at 99.810% of par. The 4.15% notes mature July 1, 2023. Buckeye expects the offering to close on June 10, 2013, subject to customary closing conditions. Buckeye expects to receive net proceeds after deducting the underwriting discount and offering expenses in connection with the offering of approximately $495.8 million. Buckeye intends to use the net proceeds from the offering for the repayment of amounts outstanding on the maturity of the $300.0 million principal amount of its 4.625% Notes due July 15, 2013, and for general partnership purposes.

    Barclays Capital Inc., SunTrust Robinson Humphrey Inc., Wells Fargo Securities LLC, and UBS Securities LLC are acting as joint book-running managers of the senior unsecured notes offering. Deutsche Bank Securities Inc., RBC Capital Markets LLC, SMBC Nikko Capital Markets Limited, and BB&T Capital Markets, a division of BB&T Securities LLC, are acting as the co-managers of the offering.

    Buckeye Partners is a publicly traded master limited partnership that owns and operates one of the largest independent liquid petroleum products pipeline systems in the United States in terms of volumes delivered, with approximately 6,000 miles of pipeline.

     

    Most Popular

    Related Articles

    Permian assets drive US dealmaking surge while fee lands steal the show in Canada

    08/07/2015 PLS reports that the US upstream deal markets saw a significant upturn during the period from June 17 to July 16, 2015, with a focus on the Permian Basin highlighting this region's standout profita...

    European energy security in peril

    08/07/2015

    Could developments in Russia, Argentina, and Venezuela impact Europe's energy supplies?

    Queensland seeks investors

    08/07/2015

    Australian state opens up 4200 square miles for exploration

    Software Technology

    08/07/2015

    Advanced analytics create big opportunities

    Diversity lags in oil industry

    08/07/2015

    Having diversity on corporate boards helps prevent 'group think.'

    Total sees evolution in energy mix

    08/07/2015

    Company focuses on safety, gas, renewables, value, and Africa

    More Oil & Gas Financial Articles

    Permian assets drive US dealmaking surge while fee lands steal the show in Canada

    Fri, Aug 7, 2015

    PLS reports that the US upstream deal markets saw a significant upturn during the period from June 17 to July 16, 2015, with a focus on the Permian Basin highlighting this region's standout profitability in the current price environment.

    European energy security in peril

    Fri, Aug 7, 2015

    Could developments in Russia, Argentina, and Venezuela impact Europe's energy supplies?

    Queensland seeks investors

    Fri, Aug 7, 2015

    Australian state opens up 4200 square miles for exploration

    Software Technology

    Fri, Aug 7, 2015

    Advanced analytics create big opportunities

    Diversity lags in oil industry

    Fri, Aug 7, 2015

    Having diversity on corporate boards helps prevent 'group think.'

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ