MarkWest begins public offering of $500M of senior notes due 2024

MarkWest Energy Partners LP

MarkWest Energy Partners LP (NYSE: MWE) and its subsidiary MarkWest Energy Finance Corp. plan to begin a public offering of $500,000,000 in aggregate principal amount of senior unsecured notes due 2024.

The Partnership intends to use a portion of the net proceeds from the notes offering to repay borrowings under its revolving credit facility. It intends to use the remaining net proceeds to fund its capital expenditure program and to provide working capital for general partnership purposes.

Wells Fargo Securities, Barclays, BofA Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley, RBC Capital Markets, SunTrust Robinson Humphrey, and US Bancorp are acting as joint book-running managers for the notes offering.

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