MarkWest Energy Partners LP - 2011-12-20


MarkWest Energy Partners LP NYSE: MWE Houston $521.1 million Closed its previously announced public offering of 10 million common units at $54.25 per common unit. MarkWest intends to use the approximately $521.1 million in net proceeds to fund its proposed acquisition of all of the interests in MarkWest Liberty Midstream & Resources LLC held by M&R MWE Liberty LLC, an affiliate of The Energy & Minerals Group. If MarkWest does not consummate this transaction, net proceeds will be used for general partnership purposes, including capital expenditures and general working capital. Citigroup, BofA Merrill Lynch, Barclays Capital, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities were joint book-running managers for the offering.

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