Rice Midstream Partners LP (NYSE: RMP) announced the pricing of an underwritten public offering of 8,000,000 common units representing limited partner interests, at a price to the public of $18.50 per common unit. In connection with the offering, the Partnership granted the underwriters a 30-day option to purchase up to an additional 1,200,000 common units. The offering is expected to close on June 13, 2016, subject to customary closing conditions.
RMP intends to use the net proceeds from this offering for general partnership purposes, including repayment of outstanding debt, acquisitions and capital expenditures.
Wells Fargo Securities is acting as book-running manager of the offering. The offering is being made only by means of a prospectus supplement and accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from the offices of:
Wells Fargo Securities
Attention: Equity Syndicate Department
375 Park Avenue
New York, New York, 10152
Email: cmclientsupport@wellsfargo.com
Telephone: (800) 326-5897
About Rice Midstream Partners
Rice Midstream Partners LP is a fee-based, growth-oriented limited partnership formed by Rice Energy Inc. (NYSE: RICE) to own, operate, develop and acquire midstream assets in the Appalachian basin. RMP provides midstream services to Rice Energy and third-party companies through its natural gas gathering, compression and water assets in the rapidly developing dry gas cores of the Marcellus and Utica Shales.