Attached files
file | filename |
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EX-8.1 - EX-8.1 - Copano Energy, L.L.C. | h69929exv8w1.htm |
8-K - FORM 8-K - Copano Energy, L.L.C. | h69929e8vk.htm |
EX-5.1 - EX-5.1 - Copano Energy, L.L.C. | h69929exv5w1.htm |
EX-1.1 - EX-1.1 - Copano Energy, L.L.C. | h69929exv1w1.htm |
Exhibit 99.1
Copano Energy, L.L.C.
|
NEWS RELEASE |
Contacts: | Carl A. Luna, SVP and CFO | |||
Copano Energy, L.L.C. | ||||
713-621-9547 | ||||
Jack Lascar / jlascar@drg-e.com | ||||
Anne Pearson / apearson@drg-e.com | ||||
DRG&E / 713-529-6600 |
COPANO ENERGY ANNOUNCES PRICING OF UPSIZED
PUBLIC OFFERING OF COMMON UNITS
PUBLIC OFFERING OF COMMON UNITS
HOUSTON, March 3, 2010 Copano Energy, L.L.C. (NASDAQ: CPNO) today announced that it has
priced an upsized public offering of 6,475,000 common units representing limited liability company
interests at $23.10 per common unit. The offering is scheduled to close on March 8, 2010. The
underwriters have been granted a 30-day option to purchase up to 971,250 additional common units.
Copano intends to use the net proceeds from the offering to repay a portion of the outstanding
indebtedness under its revolving credit facility and expects to use the increased borrowing
capacity as needed for capital projects, acquisitions, hedging, working capital and general
corporate purposes.
Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities are acting as joint book-running
managers of the offering. Barclays Capital, J.P. Morgan, RBC Capital Markets and Ladenburg
Thalmann & Co. Inc. are acting as co-managing underwriters of the offering. A copy of the
prospectus supplement and accompanying base prospectus relating to this offering may be obtained
from any of the underwriters, including:
Morgan Stanley & Co. Incorporated
Attn: Prospectus Department
180 Varick Street
New York, NY 10014
Email: prospectus@morganstanley.com
Telephone: (866) 718-1649
Attn: Prospectus Department
180 Varick Street
New York, NY 10014
Email: prospectus@morganstanley.com
Telephone: (866) 718-1649
BofA Merrill Lynch
Attn: Preliminary Prospectus Department
4 World Financial Center
New York, NY 10080
Email: Prospectus.Requests@ml.com
Attn: Preliminary Prospectus Department
4 World Financial Center
New York, NY 10080
Email: Prospectus.Requests@ml.com
Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152
Email: equity.syndicate@wachovia.com
Telephone: 800-326-5897
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152
Email: equity.syndicate@wachovia.com
Telephone: 800-326-5897
You may also obtain these documents for free when they are available by visiting the
Securities and Exchange Commissions web site at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to
buy the securities described herein, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or jurisdiction. The
offering may be made only by means of a prospectus and related prospectus supplement meeting the
requirements of Section 10 of the Securities Act of 1933, as amended. The offering is made
pursuant to an effective shelf registration statement and prospectus filed by Copano with the
Securities and Exchange Commission.
Houston-based Copano Energy, L.L.C. is a midstream natural gas company with operations in
Oklahoma, Texas, Wyoming and Louisiana.
This press release may include forward-looking statements, as defined by the Securities and
Exchange Commission. Statements that are not historical facts and instead address activities,
events or developments that Copano believes will or may occur in the future are forward-looking
statements, including statements regarding Copanos plans to complete an offering of common units.
These statements are based on managements experience and perception of historical trends, current
conditions, expected future developments and other factors management believes are appropriate in
the circumstances. Such statements are subject to a number of risks and uncertainties, many of
which are beyond Copanos control. These risks and uncertainties include market conditions, the
volatility of prices and market demand for natural gas and natural gas liquids; Copanos ability to
continue to obtain new sources of natural gas supply; the ability of key producers to continue to
drill and successfully complete and attach new natural gas supplies; Copanos ability to retain its
key customers; general economic conditions; the effects of government regulations and policies; and
other financial, operational and legal risks and uncertainties detailed from time to time in
Copanos filings with the Securities and Exchange Commission. Copano undertakes no obligation to
update or revise forward-looking statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results over time.