Monthly Archives: August 2013
MLP Protocol 082313
Key Adjustments: Adjusted American Midstream Partners (AMID) for their equity restructuring, including pro forma adjustments to their Distribution Coverage Ratio. (Press Release) Adjusted USA Compression Partners (USAC) for their pending acquisition, additional detail below. Added summary tables showing Segment, Risk … Continue reading
MLP Protocol 081613
Key Adjustments: Adjusted Rose Rock Midstream (RRMS) for a 4.75 million unit offering at $33.44 on August 12 (3.9% discount). (Press Release) News Items: On August 12, Access Midstream Partners (ACMP) sold 8 million units on behalf of Global Infrastructure … Continue reading
MLP Protocol 080913
Key Adjustments: Adjusted CPLP for an 11.9 million common unit offering at $9.25 on August 5 (4% discount to August 5 close) and made pro forma adjustments for the announced vessel acquisitions. (Press Release) Adjusted OKS for a 10 million … Continue reading
WPT IPO Preview Aug 2013
World Point Terminals, LP (ticker WPT) is currently out on its IPO roadshow and looking to raise $175 million by selling 8.75 million common units (before the over-allotment) at a mid-point price of $20 with an indicated mid-point yield of 6.0%. … Continue reading
MLP Protocol 080213
Key Adjustments: Adjusted CVRR for additional detail provided in 8-K on July 29. (8-K Filing). Adjusted UAN for lowered distribution guidance of $1.80 to $2.00, down from $2.10 to $2.45. (8-K Filing). Adjusted WPZ for a 21.5 million common unit offering … Continue reading
MLP Protocol 