Lehigh Gas Partners LP: Announces Public Offering Of Common Units
(Thomson Reuters ONE) -
LEHIGH GAS PARTNERS LP ANNOUNCES PUBLIC OFFERING OF COMMON UNITS
ALLENTOWN, PA (December 4, 2013) - Lehigh Gas Partners LP (NYSE: LGP) (the
"Partnership" or "Lehigh Gas Partners") announced today the commencement of a
public offering of 3,100,000 common units representing limited partner interests
in the Partnership. In connection with the offering, the Partnership expects to
grant the underwriters a 30-day option to purchase up to an additional 465,000
common units.
The Partnership intends to use the net proceeds from this offering to reduce
indebtedness outstanding under its credit facility and for general partnership
purposes.
The common units will be offered and sold pursuant to an effective shelf
registration statement on Form S-3 previously filed with the Securities and
Exchange Commission (the "SEC"). The offering may be made only by means of a
prospectus supplement, filed with the SEC, and the related prospectus. Raymond
James & Associates, Inc., Barclays Capital Inc., Morgan Stanley & Co. LLC and
Wells Fargo Securities, LLC are acting as joint book-running managers for the
offering, and Robert W. Baird & Co. Incorporated and Janney Montgomery Scott LLC
are acting as co-managers for the offering. A copy of the preliminary prospectus
supplement and prospectus, when available, may be obtained from:
Raymond James & Associates, Inc.
880 Carillon Parkway
St. Petersburg, Florida 33716
1-800-248-8863
prospectus(at)raymondjames.com
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
1-888-603-5847
Barclaysprospectus(at)broadridge.com
Morgan Stanley & Co. LLC
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, New York 10014
Wells Fargo Securities, LLC
Attn: Equity Syndicate Department
375 Park Avenue
New York, New York 10152
Telephone: (800) 326-5897
Email: cmclientsupport(at)wellsfargo.com
An electronic copy of the preliminary prospectus supplement and accompanying
prospectus may also be obtained at no charge at the SEC's website at
www.sec.gov.
This press release shall 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 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 may be made only by
means of a prospectus supplement and accompanying prospectus, each of which is
part of an effective shelf registration statement filed by the Partnership with
the SEC.
Investor Contact
Karen Yeakel
Vice President, Investor Relations
Lehigh Gas Partners
610-625-8126
kyeakel(at)lehighgas.com
Forward Looking and Cautionary Statements
This press release and oral statements made regarding the subjects of this
release may contain forward-looking statements, which may include, but are not
limited to, statements regarding the Partnership's plans, objectives,
expectations and intentions and other statements that are not historical facts,
including statements identified by words such as "outlook," "intends," "plans,"
"estimates," "believes," "expects," "potential," "continues," "may," "will,"
"should," "seeks," "approximately," "predicts," "anticipates," "foresees," or
the negative version of these words or other comparable expressions. All
statements addressing operating performance, events, or developments that the
Partnership expects or anticipates will occur in the future, including
statements relating to revenue growth and earnings or earnings per unit growth,
as well as statements expressing optimism or pessimism about future operating
results, are forward-looking statements. The forward-looking statements are
based upon the Partnership's current views and assumptions regarding future
events and operating performance and are inherently subject to significant
business, economic and competitive uncertainties and contingencies and changes
in circumstances, many of which are beyond the Partnership's control. The
statements in this press release are made as of the date of this press release,
even if subsequently made available by the Partnership on its website or
otherwise. The Partnership does not undertake any obligation to update or revise
these statements to reflect events or circumstances occurring after the date of
this press release.
Although the Partnership does not make forward-looking statements unless it
believes it has a reasonable basis for doing so, the Partnership cannot
guarantee their accuracy. Achieving the results described in these statements
involves a number of risks, uncertainties and other factors that could cause
actual results to differ materially, including the factors discussed in this
report and those described in the "Risk Factors" section of the Partnership's
Form 10-K filed on March 28, 2013 with the SEC as well as in the Partnership's
other filings with the SEC. No undue reliance should be placed on any forward-
looking statements.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Lehigh Gas Partners LP via GlobeNewswire
[HUG#1747867]
Unternehmensinformation / Kurzprofil:
Datum: 04.12.2013 - 22:01 Uhr
Sprache: Deutsch
News-ID 322886
Anzahl Zeichen: 6486
contact information:
Town:
Allentown
Kategorie:
Business News
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