Energy Industry
Industry: Email Alert RSS FeedStar Gas prices offering of 1.6 million units. (News and Trends).(Star Gas Partners L.P.)(Brief Article)
Fuel Oil News, November, 2002
Star Gas Partners, L.P. announced that it has sold 1.6 million common units of limited partner interests in a publicly underwritten offering managed by A.G. Edwards & Sons, Inc., UBS Warburg and RBC Capital Markets.
Net proceeds from the equity offering will be used to repay a portion of the partnership's indebtedness and the balance is expected to be utilized to fund acquisitions and for growth capital expenditures, including the heating oil division's business process redesign program, and pending such uses the balance will be used to finance seasonal working capital requirements and for general partnership purposes.
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