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Midcoast Energy Partners L.P prices IPO at USD18 per common unit.

M2 EQUITYBITES-November 8, 2013-Midcoast Energy Partners L.P prices IPO at USD18 per common unit(C)2013 M2 COMMUNICATIONS

Natural gas company Midcoast Energy Partners LP (NYSE:MEP) said on Thursday that it has priced its initial public offering of 18,500,000 Class A common units at USD18 per unit

The company has provided the underwriters with a 30-day option to purchase up to another 2,775,000 Class A common units at the initial public offering price.

This offering is expected to close on or about 13 November 2013, subject to customary closing conditions.

BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman Sachs & Co, JP Morgan, Morgan Stanley, Wells Fargo Securities and UBS Investment Bank are acting as joint book-running managers.

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Publication:M2 EquityBites (EQB)
Date:Nov 8, 2013
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