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NRGY > SEC Filings for NRGY > Form 8-K on 6-Aug-2009All Recent SEC Filings

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Form 8-K for INERGY L P


6-Aug-2009

Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statem


Item 1.01 Entry into a Material Definitive Agreement.

On August 6, 2009, Inergy, L.P. (the "Partnership"), Inergy Propane, LLC and Inergy Midstream, LLC entered into an Underwriting Agreement (the "Underwriting Agreement"), filed herewith as Exhibit 1.1, with Morgan Stanley & Co. Incorporated and Citigroup Global Markets Inc. (the "Underwriters"), which provides for the issuance and sale by the Partnership, and purchase by the Underwriters, of 3,500,000 common units representing limited partner interests in the Partnership (the "Common Units") at $27.80 per common unit. The Underwriters were also granted an over-allotment option for a period of 30 days to purchase up to a maximum of 525,000 additional Common Units. The material terms of the offering of the Common Units are described in the prospectus supplement, dated August 6, 2009, as filed by the Partnership with the Securities and Exchange Commission (the "Commission"). The offer and sale of the Common Units is registered with the Commission pursuant to a Registration Statement on Form S-3 (File No. 333-132287), and the closing with respect to the 3,500,000 Common Units is expected to occur on August 11, 2009.

The Partnership intends to use the net proceeds from this offering of approximately $93.0 million (and the net proceeds from any exercise of the underwriters' option to purchase additional common units) to repay outstanding indebtedness under its revolving credit facilities and for general partnership purposes, which may include the acquisition of businesses, growth and other capital expenditures and additions to working capital.

Some of the Underwriters and their affiliates have performed investment and commercial banking and advisory services for the Partnership and its affiliates from time to time for which they have received customary fees and expenses. The Underwriters and their affiliates may, from time to time, engage in transactions with and perform services for the Partnership in the ordinary course of their business.

The Underwriting Agreement contains customary representations, warranties and agreements of the Partnership and certain affiliates, and customary conditions to closing, indemnification rights, obligations of the parties and termination provisions. The foregoing description of the Underwriting Agreement is qualified in its entirety by reference to such Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1 and is incorporated herein by reference.



Item 7.01 Regulation FD Disclosure.

On August 5, 2009, the Partnership issued a press release announcing the offering described in Item 1.01 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 hereto.

On August 6, 2009, the Partnership issued a press release announcing that it had priced the offering described in Item 1.01 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.2 hereto.

The information contained in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.




Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

Exhibit
Number       Description
 1.1         Underwriting Agreement dated as of August 6, 2009 among the
             Partnership, Inergy Propane, LLC, Inergy Midstream, LLC, Morgan
             Stanley & Co. Incorporated and Citigroup Global Markets Inc.

 5.1         Opinion of Vinson & Elkins L.L.P.

 8.1         Opinion of Vinson & Elkins L.L.P., relating to tax matters.

23.1         Consent of Vinson & Elkins L.L.P. (included in Exhibit 5.1 hereto).

23.2         Consent of Vinson & Elkins L.L.P. (included in Exhibit 8.1 hereto).

99.1         Press Release dated August 5, 2009, announcing public offering of
             common units.

99.2         Press Release dated August 6, 2009, announcing pricing of public
             offering of common units


--------------------------------------------------------------------------------
Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

INERGY, L.P.

By: INERGY GP, LLC,
its Managing General Partner

Date: August 6, 2009 By: /s/ Laura L. Ozenberger Laura L. Ozenberger Senior Vice President, General Counsel and Secretary

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