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DCP Midstream Partners Announces Public Offering of Common Units

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2013-02-27 22:18:26 -

DCP Midstream Partners Announces Public Offering of Common Units

DENVER  -  February  27, 2013 -  DCP  Midstream  Partners,  LP  (NYSE: DPM) (the
"Partnership")  announced  today  that  it  has commenced an underwritten public
offering   of  10,250,000 of  its  common  units  representing  limited  partner
interests.   The Partnership  also intends  to grant  the underwriters  a 30-day
option to purchase up to 1,537,500 additional common units.

The  Partnership intends to  use the net  proceeds from this offering, including
the  proceeds  from  any  exercise  of  the  underwriters'  option  to  purchase
additional  common 
units, to repay indebtedness outstanding under its revolving credit facility and for general partnership purposes. Wells Fargo Securities, BofA Merrill Lynch, Barclays, Citigroup, Morgan Stanley, Credit Suisse, Deutsche Bank Securities, J.P. Morgan and RBC Capital Markets will act as joint book-running managers for the offering.  Stifel, Ladenburg Thalmann & Co. Inc. and BB&T Capital Markets will act as co-managers for the offering. When available, a copy of the preliminary prospectus supplement and accompanying base prospectus relating to this offering may be obtained from any of the underwriters by contacting: Wells Fargo Securities Attn: Equity Syndicate Dept. 375 Park Avenue New York, New York 10152 Phone: (800) 326-5897 BofA Merrill Lynch 222 Broadway, 11th Floor New York, New York 10038 Attn: Prospectus Department Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Phone: (888) 603-5847 Citigroup c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Phone: (800) 831-9146 Morgan Stanley Attn: Prospectus Department 180 Varick Street, 2nd Floor New York, New York 10014 Phone: (866) 718-1649 Credit Suisse Attn: Prospectus Department One Madison Avenue New York, New York 10010 Phone: (800) 221-1037 Deutsche Bank Securities Attn: Prospectus Group 60 Wall Street New York, New York 10005-2836 Phone: (800) 503-4611 J.P. Morgan Attn: Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 Phone: (866) 803-9204 RBC Capital Markets Three World Financial Center 200 Vesey Street, 8th Floor New York, New York 10281-8098 Attn: Equity Syndicate Phone: (877) 822-4089 You may also obtain these documents free of charge when they are available by visiting the Securities and Exchange Commission's website at The common units are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission.  This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these 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.  This offering may be made only by means of a prospectus and related prospectus supplement. DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited partnership engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and condensate; and transporting, storing and selling propane in wholesale markets.  DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by DCP Midstream, LLC, a joint venture between Spectra Energy Corp. and Phillips 66. This press release contains forward-looking statements as defined under the federal securities laws, including statements regarding the intended use of offering proceeds and other aspects of the common unit offering.  Although management believes that expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct.  In addition, these statements are subject to certain risks, uncertainties and other assumptions that are difficult to predict and may be beyond our control, including market conditions, customary offering closing conditions and other factors described in the prospectus and accompanying prospectus supplement for the offering.  If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, the Partnership's actual results may vary materially from what management anticipated, estimated, projected or expected. Investors are encouraged to closely consider the disclosures and risk factors contained in the Partnership's annual and quarterly reports filed from time to time with the Securities and Exchange Commission and in the prospectus and related prospectus supplement.  The statements herein speak only as of the date of this press release.  The Partnership undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. DCP Midstream Partners Media and Investor Relations: Jonni Anwar, 303-605-1868 or 24-Hour: 303-887-5419 Source: DCP Midstream Partners This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: DCP Midstream Partners LP via Thomson Reuters ONE [HUG#1681787]

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