USA: Chesapeake Midstream Partners Announces USD 350 Million Private Placement of Senior Notes

Chesapeake Midstream Partners, L.P. today announced that it has commenced an offering, through a private placement, of $350 million of senior notes due 2021.

The Partnership intends to use the net proceeds of the proposed offering to repay borrowings currently outstanding under its revolving credit facility and for general Partnership purposes.

The Notes are being offered inside the United States to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

The Notes and the guarantees thereof have not been registered under 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 registration requirements under the Securities Act and any applicable state securities laws

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Source: Chesapeake Midstream Partners, April 11, 2011;