Attached files
| file | filename |
|---|---|
| 8-K - Penn Virginia GP Holdings, L.P. | v178554_8k.htm |
| EX-3.4 - Penn Virginia GP Holdings, L.P. | v178554_ex3-4.htm |
| EX-3.3 - Penn Virginia GP Holdings, L.P. | v178554_ex3-3.htm |
| EX-3.1 - Penn Virginia GP Holdings, L.P. | v178554_ex3-1.htm |
| EX-3.2 - Penn Virginia GP Holdings, L.P. | v178554_ex3-2.htm |
EXHIBIT
99.1
Penn
Virginia GP Holdings, L.P.
Three
Radnor Corporate Center, Suite 300, 100 Matsonford Road, Radnor, PA
19087
FOR
IMMEDIATE RELEASE
|
Contact:
|
James
W. Dean
|
Vice President, Investor
Relations
Ph: (610) 687-8900 Fax: (610)
687-3688
E-Mail: invest@pennvirginia.com
PENN
VIRGINIA GP HOLDINGS, L.P. ANNOUNCES
SECONDARY
PUBLIC OFFERING OF COMMON UNITS
RADNOR, PA (BusinessWire) March 25,
2010 – Penn Virginia GP Holdings, L.P. (NYSE: PVG) announced today that
Penn Virginia Resource LP Corp., an indirect wholly owned subsidiary of Penn
Virginia Corporation (NYSE: PVA), intends to offer, subject to market and other
conditions, 10,000,000 common units representing limited partner interests in an
underwritten public offering. The selling unitholder will also grant
the underwriters a 30-day option to purchase up to 1,500,000 additional common
units to cover over-allotments, if any. PVG will not receive any of
the proceeds from the offering.
Barclays
Capital, UBS Investment Bank, Wells Fargo Securities and Credit Suisse are
acting as joint book-running managers for the offering and J.P. Morgan, RBC
Capital Markets, Stifel Nicolaus and Madison Williams are acting as
co-managers.
The
offering is being made pursuant to an effective shelf registration statement
previously filed with the Securities and Exchange Commission (SEC). The offering
may be made only by means of a prospectus supplement and the accompanying
prospectus, copies of which may be obtained by sending a request to: Barclays
Capital, c/o Broadridge, Integrated Distribution Services, 1155 Long Island
Ave., Edgewood, NY, 11717, by calling toll-free (888) 603-5847 or by email at
barclaysprospectus@broadridge.com;
UBS Investment Bank, Attn: Prospectus Dept., 299 Park Avenue, New York, NY
10171, by calling (888) 827-7275, Wells Fargo Securities, Attn: Equity Syndicate
Dept., 375 Park Avenue, New York, NY 10152, by calling (800) 326-5897 or by
email at equity.syndicate@wachovia.com,
or Credit Suisse, One Madison Avenue, Attn: Prospectus Dept., New York, NY,
10010 or by calling Credit Suisse toll free at (800) 221-1037.
This
press release does not constitute an offer to sell or a solicitation of an offer
to buy any securities, nor shall there by any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities law of any such
state.
******
Headquartered
in Radnor, PA, Penn Virginia GP Holdings, L.P. (NYSE: PVG) is a publicly traded
limited partnership which owns the general partner interest, all of the
incentive distribution rights and an approximate 37 percent limited partner
interest in PVR, a manager of coal and natural resource properties and related
assets and the operator of a midstream natural gas gathering and processing
business.
For
more information about us, please visit our website at www.pvgpholdings.com. For
more information about PVR, please visit its website at www.pvresource.com.
Certain
statements contained herein that are not descriptions of historical facts are
“forward-looking” statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. Because such statements include risks, uncertainties and
contingencies, actual results may differ materially from those expressed or
implied by such forward-looking statements. These risks, uncertainties and
contingencies include, but are not limited to, the risks, uncertainties and
contingencies set forth in PVG’s press releases and public periodic filings with
the SEC, including its Annual Report on Form 10-K for the year ended December
31, 2009 and its subsequent Current Reports on Form 8-K. Many of the factors
that will determine PVG’s future results are beyond the ability of management to
control or predict. Readers should not place undue reliance on forward-looking
statements, which reflect management's views only as of the date hereof. PVG
undertakes no obligation to revise or update any forward-looking statements, or
to make any other forward-looking statements, whether as the result of new
information, future events or otherwise.