MarkWest Energy Partners LP (NYSE: MWE) has just filed with the SEC to raise capital via the sale of securities. The company’s filing is for sales of any combination for it (and its many units) to sell common units, debt securities, and guarantees of debt securities for an amount of up to $1 billion.
The sale of these securities are earmarked for the traditional general corporate purposes, which is meant to include paying or refinancing outstanding debt, funding working capital, capital expenditures, and acquisitions.
No underwriters were named and no terms were given in the filing.
MarkWest units closed at $11.55 today, and its 52-week trading range is $6.55 to $38.50. As of today’s close, the market cap was $657 million.
The company (partnership) is in the gathering, compression, treatment, processing, and transportation of natural gas in the United States.
JON C. OGG
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