Crestwood Equity Partners LP - Unit

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Crestwood Equity Partners LP Announces Strategic Transactions With Crestwood Holdings And Provides Update To 2021 Strategic Outlook

Published: 03/25/2021 20:27 GMT
(CEQP) - Crestwood Equity Partners Lp Announces Strategic Transactions With Crestwood Holdings and Provides Update to 2021 Strategic Outlook.
Crestwood Equity Partners Lp Announces Strategic Transactions With Crestwood Holdings and Provides Update to 2021 Strategic Outlook.
Crestwood Equity - Crestwood Will Acquire About 11.5 Million Common Units and General Partner Interest From Crestwood Holdings for About $268 Million.
Crestwood Equity Partners Lp - First Reserve Priced a Private Placement of Six Million Common Units for Total Proceeds of $132 Million.
Crestwood Equity Partners Lp - First Reserve Expects to Have Fully Exited Its Investment in Crestwood.
Crestwood Equity - Will Retire Approximate 11.5 Million Outstanding Common Units Currently Held by First Reserve, and Transition to a Publicly Elected Board.
Crestwood Equity Partners Lp - Board of Directors Has Authorized a $175 Million Opportunistic Common and Preferred Unit Repurchase Program.
Crestwood Equity Partners Lp - Increased Full-year 2021 Adjusted EBITDA Estimate of $575 Million to $625 Million.
Crestwood Equity Partners Lp - Transaction Results in Greater Than 15% Accretion to Distributable Cash Flow per Unit, Increased Free Cash Flow.
Crestwood Equity Partners Lp - Announcement Does Not Affect Crestwood's Nor First Reserve's Ownership in Crestwood Permian Basin Holdings Llc.