Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Boardwalk Pipeline Partners Floats New Units Issue

Boardwalk Pipeline Partners (NYSE: BWP  ) hopes to become nearly $330 million richer with an offering of new units. The company is floating 11 million of its common units in an underwritten public issue priced at $30.12 apiece. Additionally, the company's underwriters have been granted a 30-day purchase option for up to an additional 1.65 million units

Boardwalk said it plans to use the estimated $327.4 million net proceeds of the issue largely to retire debt. It might also use the monies for capital expenditures for what it terms "growth projects."

The joint book-running managers of the issue include Citigroup, Goldman Sachs (NYSE: GS  ) , Morgan Stanley, and Wells Fargo's Securities unit. The offering is expected to close on June 4.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2461736, ~/Articles/ArticleHandler.aspx, 9/29/2016 8:09:56 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 4:01 PM
BWP $16.80 Down -0.20 -1.18%
Boardwalk Pipeline… CAPS Rating: ****