MarkWest closes public offering of $500M of senior notes

MarkWest Energy Partners LP

MarkWest Energy Partners LP (NYSE: MWE) and its subsidiary MarkWest Energy Finance Corp. has closed a public offering of $500,000,000 of 4.875% senior unsecured notes due 2024 priced at par.

The Partnership intends to use a portion of such proceeds to repay borrowings under its revolving credit facility. It plans 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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