Attached files
file | filename |
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8-K - FORM 8-K - Crestwood Midstream Partners LP | h81808e8vk.htm |
EX-1.1 - EX-1.1 - Crestwood Midstream Partners LP | h81808exv1w1.htm |
EX-5.1 - EX-5.1 - Crestwood Midstream Partners LP | h81808exv5w1.htm |
EX-8.1 - EX-8.1 - Crestwood Midstream Partners LP | h81808exv8w1.htm |
EX-99.2 - EX-99.2 - Crestwood Midstream Partners LP | h81808exv99w2.htm |
Exhibit 99.1
Crestwood Midstream Partners LP Announces
Commencement of Public Offering of Common Units
Commencement of Public Offering of Common Units
HOUSTON, TEXAS, April 28, 2011 Crestwood Midstream Partners LP (NYSE: CMLP) (Crestwood
LP) announced today that it has commenced a public offering of 1,800,000 common units under its
effective shelf registration statement. Crestwood LP intends to use the net proceeds from the
offering to reduce the indebtedness outstanding under its revolving credit facility and for general
partnership purposes. Barclays Capital is acting as the sole book-running manager for
the offering.
The offering is being made by means of a prospectus and related prospectus supplement, copies of
which may be obtained from Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, by email at barclaysprospectus@broadridge.com, or by telephone at
(888) 603-5847.
You may also obtain these documents for free when they are available by visiting EDGAR on the SEC
website at www.sec.gov.
This press release does not 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 will be made
only by means of a prospectus and related prospectus supplement, which are part of an effective
registration statement.
About Crestwood Midstream Partners LP
Houston, Texas-based Crestwood LP is a growth-oriented, midstream master limited partnership which
owns and operates predominately fee-based gathering, processing, treating and compression assets
servicing natural gas producers in the Barnett Shale in North Texas, the Fayetteville Shale in
Northwest Arkansas, the Granite Wash area in the Texas Panhandle and the Avalon Shale area of
Southeastern New Mexico.
Forward-Looking Statements
The statements in this news release regarding future events, occurrences, circumstances,
activities, performance, outcomes and results are forward-looking statements. Although these
statements reflect the current views, assumptions and expectations of Crestwood LPs management,
the matters addressed herein are subject to numerous risks and uncertainties
-more-
which could cause actual activities, performance, outcomes and results to differ materially from
those indicated. Such forward-looking statements include, but are not limited to, statements about
the future financial and operating results, objectives, expectations and intentions and other
statements that are not historical facts. Factors that could result in such differences or
otherwise materially affect Crestwood LPs financial condition, results of operations and cash
flows include: changes in general economic conditions; fluctuations in natural gas prices; failure
or delays by our customers in achieving expected production from natural gas projects; competitive
conditions in our industry; actions or inactions taken or non-performance by third parties,
including suppliers, contractors, operators, processors, transporters and customers; our ability to
consummate acquisitions and successfully integrate the acquired business and our ability to realize
any cost savings and other synergies from any acquisition; any disruption from the recent
acquisition of midstream assets from Frontier Gas Services, LLC making it more difficult to
maintain relationships with customers, employees or suppliers; fluctuations in the value of certain
of our assets and liabilities; changes in the availability and cost of capital; operating hazards,
natural disasters, weather-related delays, casualty losses and other matters beyond our control;
construction costs or capital expenditures exceeding estimated or budgeted amounts; the effects of
existing and future laws and governmental regulations, including environmental and climate change
requirements; and the effects of existing and future litigation; risks related to our substantial
indebtedness as well as other factors disclosed in Crestwood LPs filings with the Securities and
Exchange Commission. You should read our filings with the U.S. Securities and Exchange Commission,
including our Annual Report on Form 10-K for the year ended December 31, 2010, our subsequently
filed Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K, for a more extensive list
of factors that could affect results.
Investor Contact:
Mark Stockard
832-519-2207
mstockard@crestwoodlp.com
832-519-2207
mstockard@crestwoodlp.com
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