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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Jul. 1, 12:42 PM

Slide #25. Azure Midstream Partners, LP Secondary Offering

Company: Azure Midstream Partners, LP (NYSE:AZUR)
Date announced: 6/16/2015
Shares Offered: 3,500,000
Date of Pricing: 6/17/2015
Price Per Share: $14.17
Secondary Offering Details: Azure Midstream Partners, LP (NYSE:AZUR) ("we," "us" or the "Partnership") today announced a registered underwritten public offering of 3,500,000 common units representing limited partner interests (the "Common Units"). The Partnership expects to grant the underwriters a 30-day option to purchase up to 525,000 additional Common Units. The Partnership intends to use the net proceeds from this offering, including any net proceeds from the underwriters' exercise of their option to purchase additional common units, to repay a portion of the outstanding borrowings under its revolving credit facility. Amounts repaid under the Partnership's revolving credit facility may be re-borrowed to fund its ongoing capital program, potential future acquisitions or general partnership purposes. - updated 6/17/15 - Azure Midstream Partners, LP (NYSE:AZUR) (the "Partnership") today announced that it has priced its public offering of 3,500,000 common units representing limited partner interests (the "Common Units") at a price to the public of $14.17 per Common Unit. The Partnership has granted the underwriters a 30-day option to purchase up to 525,000 additional Common Units. The offering is expected to settle and close on June 22, 2015, subject to customary closing conditions. The Partnership intends to use the net proceeds from this offering, including any net proceeds from the underwriters' exercise of their option to purchase additional common units, to repay a portion of the outstanding borrowings under its revolving credit facility. Amounts repaid under our revolving credit facility may be reborrowed to fund our ongoing capital program, potential future acquisitions or for general partnership purposes.

Azure Midstream Partners is a midstream energy company that provides natural gas gathering, compression, dehydration, treating, processing, and hydrocarbon dew-point control and transportation services to producers, marketers and third-party pipeline companies, and crude oil transloading services to Associated Energy Services, LP, an affiliate of Co. Co.'s operations are organized into the Midstream Natural Gas Segment, which invloves natural gas gathering, compression, dehydration, treating, processing and hydrocarbon dew-point control and transportation services; and the Crude Oil Logistics Segment, which involves crude oil transloading services.
Open the AZUR Page at The Online Investor »

Company Name:  Azure Midstream Partners LP
Website:  www.marlinmidstream.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding AZUR:  1
Total Market Value Held by ETFs:  $39887
Total Market Capitalization:  $112.00M
% of Market Cap. Held by ETFs:  0.04%
 

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July 1, 2015    12:42 PM Eastern
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Buy (3.20 out of 4)
55th percentile
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