Loading...
Docoh

Crestwood Equity Partners (CEQP)

Filed: 6 Jan 21, 8:52am

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 6, 2021

 

 

CRESTWOOD EQUITY PARTNERS LP

(Exact name of registrant as specified in its charter)

 

 

 

Delaware 001-34664 43-1918951

(State of Incorporation

or Organization)

 (Commission
File Number)
 (IRS Employer
Identification No.)

811 Main Street

Suite 3400

Houston, Texas 77002

(Address of principal executive office) (Zip Code)

(832) 519-2200

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered or to be registered pursuant to Section 12(b) of the Act.

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Units representing limited partner interests CEQP New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 7.01

Regulation FD Disclosure

Tender Offer

On January 6, 2021, Crestwood Midstream Partners LP (the “Partnership”), a wholly-owned subsidiary of Crestwood Equity Partners LP, issued a press release announcing the commencement of an offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 6.25% Senior Notes due 2023. The terms and conditions of the Tender Offer are described in an Offer to Purchase, dated January 6, 2021, and Notice of Guaranteed Delivery relating thereto. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated by reference herein.

In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information furnished pursuant to Item 7.01 shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

 

Item 8.01

Other Events

Notes Offering

On January 6, 2021, the Partnership issued a press release announcing that it intends to offer $700 million aggregate principal amount of Senior Notes due 2029 (the “Notes Offering”). A copy of the press release is attached hereto as Exhibit 99.2 and incorporated by reference herein. In connection with the Notes Offering, the Partnership disclosed updated business and risk factor information contained in Exhibit 99.3, which is incorporated by reference herein.

 

Item 9.01

Financial Statements and Exhibits

  (d) Exhibits.

 

Exhibit
Number

  

Description

99.1  Press Release dated January 6, 2021, announcing commencement of the Tender Offer
99.2  Press Release dated January 6, 2021, announcing the launch of the Notes Offering
99.3  Supplemental Information
104  Cover Page Interactive Data File (embedded within Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

CRESTWOOD EQUITY PARTNERS LP
By: Crestwood Equity GP LLC, its General Partner
By: 

/s/ Michael K. Post

 Michael K. Post
 Vice President, Associate General Counsel and Corporate Secretary

Dated: January 6, 2021