Buckeye Partners LP


Buckeye Partners LP has commenced an offering of $1 billion aggregate principal amount of its senior notes consisting of senior notes due 2025 and senior notes due 2028. Each series of notes will be senior unsecured obligations of Buckeye and will not be guaranteed by any of Buckeye’s subsidiaries.

The company intends to use the proceeds from the offering of the notes to pay the consideration in connection with a tender offer for its 4.875% notes due 2021 and related consent solicitation, which has launched concurrently with this announcement, to repay all amounts drawn under its revolving credit facility, and the remaining balance for general corporate purposes.

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