BP Midstream Partners LP Announces Pricing of Initial Public Offering
BP Midstream Partners LP Common Units representing Limited Partner Interests (BPMP)
Last bp midstream partners lp common units representing limited partner interests earnings: 2/27 07:53 am
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US:NYSE Investor Relations:
bp.com/en_us/midstream/bp-midstream-partners.html
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)-- BP Midstream Partners LP (“BP Midstream Partners” or the “Partnership”), a limited partnership formed by an indirect, wholly-owned subsidiary of BP p.l.c., announced the pricing of its initial public offering of 42,500,000 common units representing limited partner interests at $18.00 per common unit. The underwriters of the offering have a 30-day option to purchase up to an additional 6,375,000 common units from BP Midstream Partners. The common units will begin trading on the New York Stock Exchange on October 26, 2017, under the ticker symbol “BPMP.” The offering is expected to close on or about October 30, 2017, subject to customary closing conditions. At the closing of this offering, the public will own an approximate 40.6 percent limited partner interest in BP Midstream Partners, or an approximate 46.7 percent limited partner interest if the underwriters exerc
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