Thu 7 Aug 2014 12:35

VTTI Energy Partners announces closing of IPO


Common units were sold by VTTI MLP Partners B.V., a wholly-owned subsidiary of VTTI B.V., and began trading on the New York Stock Exchange on August 1.



VTTI Energy Partners LP (VTTI) has announced the closing of its initial public offering (IPO) of 20,125,000 common units representing limited partner interests in VTTI at $21.00 per common unit.

The common units sold at closing included 2,625,000 common units sold pursuant to the underwriters' option to purchase additional common units, which was exercised in full prior to closing.

The common units were sold by VTTI MLP Partners B.V., a wholly owned subsidiary of VTTI B.V., and began trading on the New York Stock Exchange on August 1, 2014 under the ticker symbol 'VTTI'.

The common units sold to the public represent a 49.0% limited partner interest in VTTI. VTTI MLP Partners owns, directly or indirectly, a 2.0% general partner interest and the remaining limited partner interest in VTTI.

Citigroup, J.P. Morgan, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, and Wells Fargo Securities acted as joint book-running managers for the offering, and Rabobank, MUFG, BNP Paribas, HSBC, Societe Generale, SMBC Nikko, Credit Agricole CIB, and ING acted as co-managers for the offering.

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