Business Services Industry
Tulsa-based Magellan Midstream Partners prices debt offering
Journal Record, The (Oklahoma City), Jul 10, 2008
Magellan Midstream Partners has priced a $250 million public offering of 10-year senior notes at 6.4 percent.
The net proceeds from this offering of $248 million after payment of underwriting discounts and estimated offering expenses will be used to repay debt from a 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 Monday.
Copyright 2008 Dolan Media Newswires
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