SOURCE: EV Energy Partners, L.P.

EV Energy Partners, L.P.

March 08, 2012 18:02 ET

EV Energy Partners Announces Pricing of an Upsized $200 Million Add-On Offering of Senior Notes Due 2019

HOUSTON, TX--(Marketwire - Mar 8, 2012) - EV Energy Partners, L.P. (NASDAQ: EVEP) and its subsidiary EV Energy Finance Corp., today announced that they have priced an additional $200 million in aggregate principal amount of their 8.0 percent senior notes due 2019 (the "Additional Notes") pursuant to the same indenture under which their existing $300 million of 8.0 percent senior notes (the "Existing Notes") were issued. The offering was upsized from the previously announced $100 million to $200 million aggregate principal amount. The Existing Notes and the Additional Notes will be treated as a single class of debt securities under the indenture. The price to investors will be 103.0 percent of the principal amount, plus accrued interest from October 15, 2011, for a yield to worst of 7.281 percent with respect to the Additional Notes. The partnership intends to use the net proceeds from the offering to repay a portion of the outstanding balance under its credit facility. The partnership expects to close the sale of the Additional Notes on March 13, 2012, subject to the satisfaction of customary closing conditions.

J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC and Citigroup Global Markets Inc. will act as joint book-running managers for the senior unsecured notes offering. The offering will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the Securities and Exchange Commission web site at Alternatively, the underwriters will arrange to send you the preliminary prospectus supplement and related base prospectus if you request them by contacting:

J.P. Morgan Securities LLC
383 Madison Avenue
New York, NY 10179
Attention: High Yield Syndicate
Telephone: 1-800-245-8812

RBC Capital Markets, LLC
Attention: High Yield Capital Markets
3 World Financial Center
200 Vesey Street, 10th Floor
New York, NY 10281-8098
Telephone: (877) 280-1299

Wells Fargo Securities, LLC
550 South Tryon Street
7th Floor MAC D1086-070
Charlotte, NC 28202
Attention: Client Support
Telephone: 1-800-326-5897

Citigroup Global Markets Inc.
Attn: Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, NY 11220
Telephone: 1-800-831-9146

This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A registration statement relating to the securities has been filed and became effective March 8, 2012.

(code #: EVEP/G)

This press release includes forward-looking statements. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements, including statements regarding closing of the offering and the use of proceeds of the offering. These statements reflect the Partnership's expectations or forecasts based on assumptions made by the Partnership. These statements are subject to risks including those relating to market conditions, financial performance and results, prices and demand for natural gas and oil and other important factors that could cause actual results to differ materially from our forward-looking statements. These risks are further described in the Partnership's reports filed with the Securities and Exchange Commission.

Any forward-looking statement speaks only as of the date on which such statement is made and the Partnership undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact Information