MarkWest Energy Partners has raised a total of $300 million in a sale of senior unsecured notes. The bonds, which carry a coupon rate of 6.55, will mature in 2021.
The natural gas gathering, transportation and processing engaged company will use the proceeds from the offering to purchase $272 million, 8.5% senior notes due 2016. The sole book-running manager for the sale was Barclays Capital.
Click here for the release from MarketWest.