Access Midstream Partners LP (NYSE:ACMP) reports the pricing of an underwritten public offering of 6 million common units representing limited partner interests owned by Global Infrastructure Partners II (GIP II). GIP II offered the units to the public at $51.45 and has granted the underwriter a 30-day option to purchase up to 900,000 additional common units.
The Partnership will not receive any of the net proceeds from this offering and the number of outstanding common units will remain unchanged. The offering is being made under the Partnership’s effective shelf registration statement filed December 12, 2012, with the US Securities and Exchange Commission.
Citigroup acted as sole underwriter for the offering.