Access Midstream Partners, L.P. Announces Pricing of $750 Million Offering of Senior Notes Due 2024

OKLAHOMA CITY--()--Access Midstream Partners, L.P. (NYSE:ACMP) today announced the pricing of a public offering of $750 million of senior notes due 2024 (the “Notes”). The offering was increased from a previously announced offering size of $600 million. The Notes bear interest at a rate of 4.875% per annum. The offering is expected to close on March 7, 2014, subject to satisfaction of customary closing conditions. The Partnership intends to use the net proceeds from the offering to repay borrowings under the Partnership’s revolving credit facility and for general partnership purposes, including funding working capital, the Partnership's capital expenditure program and acquisitions.

Wells Fargo Securities, Citigroup, Goldman Sachs & Co., J.P. Morgan, Mitsubishi UFJ Securities and RBC Capital Markets are acting as joint book-running managers for the offering.

The Notes are being offered pursuant to an effective shelf registration statement filed December 12, 2012 with the U.S. Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission’s website at www.sec.gov or from the underwriters of the offering as follows:

       

 

  • J.P. Morgan
    c/o Broadridge Financial Solutions
    1155 Long Island Avenue
    Edgewood, NY 11717
    phone: (866) 803-9204

 

  • Citigroup
    c/o Broadridge Financial Solutions
    1155 Long Island Avenue
    Edgewood, NY 11717
    batprospectusdept@citi.com
    phone: (800) 831-9146

 

  • Mitsubishi UFJ Securities
    Attention: Capital Markets Group
    1633 Broadway, 29th Floor
    New York, NY 10019
    phone: (877) 649-6848

 

 

  • RBC Capital Markets
    Three World Financial Center
    200 Vesey Street, 10th Floor
    New York, NY 10281-8098
    USA-Prospectus@rbc.com
    phone: (877) 280-1299

 

 

This press release does not constitute an offer to sell or the 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 meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Access Midstream Partners, L.P. (NYSE:ACMP) is the industry’s largest gathering and processing master limited partnership as measured by throughput volume and owns, operates, develops and acquires natural gas gathering systems and other midstream energy assets. Headquartered in Oklahoma City, the Partnership's operations are focused on the Barnett, Eagle Ford, Haynesville, Marcellus, Niobrara and Utica Shales and the Mid-Continent region of the U.S.

This press release includes forward-looking statements that relate to, among other things, the closing of the offering of the Notes and the expected use of proceeds from such offering. Forward-looking statements give our current expectations or forecasts of future events. We caution you not to place undue reliance on our forward-looking statements, which speak only as of the date of this release, and we undertake no obligations to update this information. Although we believe the expectations and forecasts reflected in these and other forward-looking statements are reasonable, we can give no assurance they will prove to be correct. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Factors that could cause actual results to differ materially from expected results are described under “Risk Factors” in our 2013 Annual Report on Form 10-K and our other SEC filings.

Contacts

Access Midstream
Investor Contact:
Dave Shiels, CFO, 405-727-1740
dave.shiels@accessmidstream.com
or
Media Contacts:
Debbie Nauser, 405-727-1612
debbie.nauser@accessmidstream.com
or
Chris Callahan, 405-727-1186
Chris.callahan@accessmidstream.com

Sharing

Contacts

Access Midstream
Investor Contact:
Dave Shiels, CFO, 405-727-1740
dave.shiels@accessmidstream.com
or
Media Contacts:
Debbie Nauser, 405-727-1612
debbie.nauser@accessmidstream.com
or
Chris Callahan, 405-727-1186
Chris.callahan@accessmidstream.com