Advertisement
U.S. markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0798
    +0.0005 (+0.04%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2639
    +0.0017 (+0.13%)
     
  • USD/JPY

    151.2240
    -0.1480 (-0.10%)
     
  • Bitcoin USD

    70,381.66
    -965.23 (-1.35%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,369.44
    +201.37 (+0.50%)
     

PVR Partners prices offering at $23 per unit

PVR Partners prices public offering of 5.5M common units at $23 each

RADNOR, Pa. (AP) -- PVR Partners LP said Friday that it priced its underwritten public offering of 5.5 million common units representing limited partner interests at $23 each.

The price represents a 5 percent discount to PVR's Thursday closing unit price of $24.11.

PVR also granted the offering's underwriter — Barclays Capital Inc. — a 30-day option to buy up to 825,000 additional common units. Proceeds from the offering will be used to repay a debt, the partnership said.

Radnor, Pa.-based PVR owns and operates a network of natural gas midstream pipelines and processing plants, along with coal and natural resource properties. In morning trading, its units rose 9 cents to $24.20.

Advertisement