Copano Energy has raised $360 million in a sale of notes. The Houston-based midstream energy company appointed Wells Fargo Securities, RBC, Deutsche Bank, Bank of America Merrill Lynch and JP Morgan as the joint bookrunning managers for the deal. The notes carry a coupon rate of 7.125%, and are due to mature on April 1, 2021. The company intends to used the proceeds to fund its offer for the $332.6 million outstanding of its 8.125% senior notes due 2016 and redeem the 2016 notes not acquired in the tender offer related to such notes.
Click here for the release from PR Newswire.