Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CMLP > SEC Filings for CMLP > Form 8-K on 19-Mar-2013All Recent SEC Filings

Show all filings for CRESTWOOD MIDSTREAM PARTNERS LP | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Regulation FD Disclos

Item 1.01. Entry into a Material Definitive Agreement.

Underwriting Agreement

On March 19, 2013, Crestwood Midstream Partners LP (the "Partnership") and Crestwood Gas Services GP LLC (the "General Partner") entered into an underwriting agreement (the "Underwriting Agreement") with Citigroup Global Markets Inc., Barclays Capital Inc., RBC Capital Markets, LLC and UBS Securities LLC, as representatives for the several underwriters (the "Underwriters") listed on Schedule A to the Underwriting Agreement, in connection with an underwritten public offering (the "Offering") of 4,500,000 of the Partnership's common units representing limited partner interest in the Partnership ("Common Units") at a price to the public of $23.90 per Common Unit. The Partnership has granted the Underwriters a 30-day option to purchase up to 675,000 additional common units if the Underwriters sell more than 4,500,000 Common Units in the Offering. The Common Units to be sold in the Offering have been registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to the Partnership's registration statement on Form S-3, as amended (Registration No. 333-171735) , as supplemented by the Preliminary Prospectus Supplement dated March 18, 2013 and the Prospectus Supplement dated March 19, 2013 relating to the Common Units, filed with the Securities and Exchange Commission (the "SEC") pursuant to Rule 424(b) of the Securities Act on March 18, 2013 and March 19, 2013, respectively. The closing of the Offering is expected to occur on or about March 22, 2013, subject to satisfaction of customary closing conditions. Legal opinions related to the Common Units are filed as Exhibits 5.1 and 8.1 to this Current Report on Form 8-K.

The Partnership will use the net proceeds of approximately $103.5 million from the Offering and any proceeds from the Underwriters' option, to purchase additional common units, after deducting underwriting discounts, to reduce outstanding indebtedness under its revolving credit facility and for general partnership purposes. The amount repaid under the Partnership's revolving credit facility may be reborrowed by the Partnership and used to fund both future acquisitions and growth capital expenditures.

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 is a brief summary of the Underwriting Agreement and does not purport to be a complete statement of the parties' rights and obligations under the Underwriting Agreement. The foregoing description is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated herein by reference.

Neither this Current Report on Form 8-K, nor the attached press releases, constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Offering is being made only by means of a prospectus and related prospectus supplement.

Item 7.01. Regulation FD Disclosure.

On March 18, 2013, the Partnership issued a press release announcing the Offering. A copy of the press release is furnished as Exhibit 99.1 hereto.

On March 19, 2013, the Partnership issued a press release announcing pricing of the Common Units in the Offering. 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 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.       Description

1.1               Underwriting Agreement, dated March 19, 2013, by and among
                  Crestwood Midstream Partners LP, Crestwood Gas Services GP LLC
                  and Citigroup Global Markets Inc., Barclays Capital Inc., RBC
                  Capital Markets, LLC and UBS Securities LLC, as representatives
                  of the underwriters named in Schedule A thereto.

5.1               Opinion of Locke Lord LLP.

8.1               Opinion of Locke Lord LLP relating to tax matters.

23.1              Consent of Locke Lord LLP (included in Exhibits 5.1 and 8.1).

99.1              Press Release dated March 18, 2013, announcing public offering of
                  common units.

99.2              Press Release dated March 19, 2013, announcing pricing of common
                  units in public offering.

  Add CMLP to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CMLP - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now

Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.