Eagle Rock Energy Partners LP - 2011-05-18
Description
The company has reported that it intends to commence a private offering to eligible purchasers of $300 million in aggregate principal amount of senior unsecured notes due 2019.
The partnership intends to use the net proceeds from the notes offering to repay outstanding indebtedness under its existing revolving credit facility. The partnership is currently in the process of refinancing its existing revolving credit facility with a new five year revolving credit facility, which is conditioned upon completion of the notes offering.