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Magellan Midstream Partners, L.P.
Magellan Midstream Partners Prices Debt Offering
July 27th, 2008
Magellan Midstream Partners, L.P. (NYSE:MMP) announced that it has priced a $250 million public offering of its 10-year senior notes at 6.4%. The net proceeds from this offering of approximately $248 million, after payment of underwriting discounts and estimated offering expenses, will be used to repay all of the borrowings outstanding under its revolving credit facility and for general partnership purposes, including capital expenditures. Wachovia Capital Markets, LLC and Banc of America Securities LLC are acting as joint book-running managers for the debt offering, which is expected to close on July 14, 2008. In addition, SunTrust Robinson Humphrey, Inc. is acting as...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-27)
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