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Breitburn Energy Partners LP Message Board

  • Port_a_package Port_a_package Jun 11, 2009 4:08 PM Flag

    Any comments on this news item?

    As a holder in BBEP Units am I being diluted? Thanks,
    BreitBurn Energy Partners Files $500M Mixed Securities Shelf
    5:44 pm ET 06/10/2009- Dow Jones


    BreitBurn Energy Partners LP (BBEP) and subsidiaries on Wednesday filed with the Securities and Exchange Commission to sell up to $500 million in mixed securities from time to time.

    The mixed securities include common and preferred units, options, warrants, rights, debt securities and guarantees of debt securities.

    The partnership said it will use proceeds from the sale for general partnership purposes, which may include debt repayment, future acquisitions, capital expenditures and additions to working capital.

    Shares of the Los Angeles-based partnership closed Wednesday at $8.79, up 1.15%.

    -Brian Kalish, Dow Jones Newswires; 202-862-1350;

    Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary:

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    (END) Dow Jones Newswires
    06-10-09 1744ET
    Copyright (c) 2009 Dow Jones & Company, Inc.

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