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BreitBurn Prices $258MM Public Offering

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February 7, 2013

BreitBurn Energy Partners LP (Nasdaq: BBEP) has priced its public offering of 13 million common units at US $19.86 per unit.

The partnership has granted to the underwriters a 30-day option to purchase up to some 2 million additional common units. The offering is expected to close on Feb. 12.

The partnership expects to receive net proceeds of US $248.2 million. Net proceeds will be used to reduce borrowings under its bank credit facility.

Barclays, BofA Merrill Lynch, Citigroup, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities are ...

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