Access Midstream Partners LP (NYSE:ACMP) has priced a public offering of $750 million of senior notes due 2024. The offering was increased from a previously announced offering size of $600 million. The notes bear interest at a rate of 4.875% per annum. The offering is expected to close on March 7.
The Partnership intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility and for general partnership purposes, including funding working capital, the Partnership's capital expenditure program, and acquisitions.
Wells Fargo Securities, Citigroup, Goldman Sachs & Co., JP Morgan, Mitsubishi UFJ Securities, and RBC Capital Markets are acting as joint book-running managers for the offering.