Crestwood Announces Private Placement of Common Units by First Reserve
March 25 2021 - 4:05PM
Business Wire
Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today
announced that Crestwood Gas Services Holdings LLC, a company
controlled by an investment fund sponsored by First Reserve, has
priced a private placement of six million common units representing
limited partner interests of Crestwood for gross proceeds of $132
million. The private placement is expected to close March 30, 2021,
subject to customary closing conditions. Crestwood is not selling
any common units and will not receive any proceeds from the private
placement.
Citigroup acted as sole placement agent for the private
placement of common units.
The securities offered in the private placement have not been
registered under the Securities Act of 1933, as amended (the
“Securities Act”), or any state securities laws and may not be
offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy the securities described herein.
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995 and Section 21E of the Securities and Exchange Act of 1934.
The words “expects,” “believes,” “anticipates,” “plans,” “will,”
“shall,” “estimates,” and similar expressions identify
forward-looking statements, which are generally not historical in
nature. Forward-looking statements are subject to risks and
uncertainties and are based on the beliefs and assumptions of
management, based on information currently available to them.
Although Crestwood believes that these forward-looking statements
are based on reasonable assumptions, it can give no assurance that
any such forward-looking statements will materialize. Important
factors that could cause actual results to differ materially from
those expressed in or implied from these forward-looking statements
include the risks and uncertainties described in Crestwood’s
reports filed with the Securities and Exchange Commission,
including its Annual Report on Form 10-K and its subsequent
reports, which are available through the SEC’s EDGAR system at
www.sec.gov and on our website. Readers are cautioned not to place
undue reliance on forward-looking statements, which reflect
management’s view only as of the date made, and Crestwood assumes
no obligation to update these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210325005915/en/
Crestwood Equity Partners LP Investor Contacts
Josh Wannarka, 713-380-3081 josh.wannarka@crestwoodlp.com Senior
Vice President, Investor Relations, ESG & Corporate
Communications
Rhianna Disch, 713-380-3006 rhianna.disch@crestwoodlp.com
Director, Investor Relations
Sustainability and Media Contact
Joanne Howard, 832-519-2211 joanne.howard@crestwoodlp.com Vice
President, Sustainability and Corporate Communications
Crestwood Equity Partners (NYSE:CEQP)
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