Referenced Stocks

PVR Partners Prices Public Offering of 6.5 Mln Common Units; Tumbles 6% Pre-Open

By Midnight Trader,  November 09, 2012, 09:12:45 AM EDT

PVR Partners L.P. ( PVR ) lost 5.5% in pre-market trade after pricing its public offering of 6.5 million common units representing limited partner interests in PVR at $23.11 per unit.

PVR also granted the underwriters a 30-day option to purchase a maximum of 975,000 additional common units to cover over-allotments, if any. PVR expects to close the sale on November 15, 2012, for proceeds of approximately $144.0 million after deducting underwriting discounts and commissions and estimated expenses. The company plans to use all of the net proceeds from the offering to repay a portion of the borrowings outstanding under its revolving credit facility.

PVR closed yesterday's regular session at $23.99; trades in a 52-week range of $21.34 - $27.50.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: PVR



Latest News Video



Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%