HOUSTON--(BUSINESS WIRE)--
Crestwood Midstream Partners LP (“CMLP”), a wholly-owned subsidiary of Crestwood Equity Partners LP (NYSE: CEQP), announced today that it has extended the expiration date of its offer to exchange up to $500,000,000 of new 5.75% Senior Notes due 2025 (the “new notes”) that have been registered under the Securities Act of 1933, as amended, for an equal amount of outstanding unregistered 5.75% Senior Notes due 2025 (the “old notes”). As a result of the extension, the exchange offer is now scheduled to expire at 5:00 P.M., New York City time, on July 21, 2017, unless further extended.
The exchange offer was originally set to expire at 12:00 midnight, New York City time, on July 19, 2017. As of this date, tenders of approximately $272.2 million aggregate principal amount, or 54.4%, of the old notes have been received pursuant to the exchange offer. Except for the extension of the expiration date, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus, dated June 19, 2017.
This press release is not an offer to exchange the new notes for the old notes or the solicitation of an offer to exchange, which we are making only through the exchange offer prospectus.
About Crestwood Midstream Partners LP
Houston, Texas, based CMLP is a limited partnership and wholly-owned subsidiary of CEQP that owns and operates midstream businesses in multiple unconventional shale resource plays across the United States. CMLP is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; and gathering, storage, terminalling and marketing of crude oil.
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