QR Energy LP - 2011-01-04
Description
The underwriters of QR Energy's initial public offering of 15 million common units have exercised their full option to purchase an additional 2.25 million common units at $20 per common unit. The IPO closed on Dec. 22. The partnership intends to use the net proceeds to pay a sponsor distribution. Wells Fargo Securities LLC, J.P. Morgan Securities LLC, Raymond James & Associates Inc. and RBC Capital Markets LLC were joint book-running managers. Robert W. Baird & Co. Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Oppenheimer & Co. Inc. and Stifel, Nicolaus & Co. LLC were co-managers.