Crestwood Midstream Partners LP

Crestwood Midstream Partners LP, a wholly-owned subsidiary of Crestwood Equity Partners LP, intends, to offer $500 million in aggregate principal amount of unsecured senior notes due 2027 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The notes will be guaranteed on a senior unsecured basis by all of Crestwood ’s subsidiaries that guarantee its existing notes and the indebtedness under its revolving credit facility.

Crestwood expects to use the net proceeds from this offering to repay a portion of the outstanding borrowings under its revolving credit facility, which includes approximately $250 million of borrowings that were used to fund a portion of the previously announced acquisition of a 50% interest in Jackalope Gas Gathering Services LLC.