New Issue-MarkWest Energy sells $400 mln 10-yr notes
April 11 (Reuters) - MarkWest Energy Partners LP (MWE.N: Quote, Profile, Research) and its subsidiary MarkWest Energy Finance Corp on Thursday jointly sold $400 million of 10-year senior notes in the 144a private placement market, said market sources on Friday.
The size of the deal was increased from the originally planned $250 million.
JPMorgan, RBC Capital Markets and Wachovia Securities were the joint bookrunning managers for the sale. BORROWER: MARKWEST ENERGY PARTNERS LP/
MARKWEST ENERGY FINANCE CORP AMT $400 MLN COUPON 8.75 PCT MATURITY 4/15/2018 64TYPE SR NTS ISS PRICE 99.183 FIRST PAY 10/15/2008 MOODY'S B2 YIELD 8.875 PCT SETTLEMENT 4/15/2008 S&P SINGLE-B SPREAD 535 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YEARS* *NON-CALLABLE UNTIL 4/15/2013. THEN AT 104.375, 102.917, 101.458 AND 100. 3 YEAR EQUITY CLAWBACK 35 PCT AT 108.75.
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