Current BBEP Stock Info

Breitburn Energy Partners (ticker: BBEP), a master limited partnership (MLP) E&P with operations throughout the United States, announced a $1 billion investment from EIG Global Energy Partners (EIG) in a press release on March 29, 2015. The agreements include $350 million of perpetual convertible preferred units (priced at $7.50 per share, a 27% premium to BBEP’s closing price on March 27) and $650 million of senior secured notes. The offerings are expected to close on April 8, 2015.

The preferred units will pay monthly distributions at ...

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