EOTT ENERGY PARTNERS, L.P. DEBT OFFERING COMPLETED
FOR IMMEDIATE RELEASE: Tuesday, September 28, 1999
HOUSTON - EOTT Energy Partners, L.P. (EOTT) announced that the public offering of $235 million of senior notes was priced today at par to yield 11.0 percent.
ING Barings and Lehman Brothers are joint lead underwriting managers, and PaineWebber Incorporated is a co-manager.
EOTT expects to receive net proceeds of approximately $229 million from this debt offering. Proceeds will be used by EOTT to repay debt incurred in conjunction with acquisitions and for general partnership purposes. The senior notes will mature Oct. 1, 2009. Interest payments will be made April 1 and Oct. 1 beginning in 2000.
EOTT Energy Partners, L.P. is a major independent gatherer and marketer of crude oil in the United States and Canada. Together with its predecessors, the Partnership has been serving the petroleum industry since 1946. Both EOTT Energy Partners, L.P. and EOTT Energy Corp., the general partner, are headquartered in Houston, Texas. The common units of EOTT Energy Partners, L.P. trade on the NYSE under the symbol “EOT.”
Click here to download this press release in Microsoft Word format.
For additional information please contact:
Hardie Davis
(713) 853-6941
 |
