PetroLogistics LP Announces $365 Million Private Placement
March 18, 2013
PetroLogistics LP (NYSE: PDH) announced that it and its wholly-owned subsidiary, PetroLogistics Finance Corp., intend to commence a private offering to eligible purchasers of $365 million aggregate principal amount of senior unsecured notes due 2020, subject to market conditions.
PetroLogistics LP is a limited partnership, which owns and operates the only U.S. propane dehydrogenation facility producing propylene from propane. The partnership's headquarters and operations are located in Houston, Texas.
The notes are expected to be fully and unconditionally guaranteed by PL Propylene LLC, the partnership's wholly owned subsidiary, and ...
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