Energy/ Water Stock Cypress Energy Partners, L.P. (CELP) Launches Initial Public Offering
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TULSA, Okla. - January 6, 2014 (Investorideas.com Water Stocks Newswire) Cypress Energy Partners, L.P., a Delaware limited partnership ("Cypress"), has launched its initial public offering of 3,750,000 common units representing limited partner interests at an anticipated initial offering price between $19.00 and $21.00. The common units have been approved for listing on the New York Stock Exchange, subject to official notice of issuance, and will trade under the ticker symbol "CELP." The underwriters of the offering will have a 30-day option to purchase up to an additional 562,500 common units from Cypress to cover over-allotments, if any.
The offering represents a 31.7 percent limited partner interest in Cypress or a 36.5 percent limited partner interest if the underwriters exercise in full their option to purchase additional common units.
Raymond James, Baird, Stifel and BMO Capital Markets are acting as joint book-running managers for the offering. Janney Montgomery Scott and Wunderlich Securities are acting as co-managers for the offering. The offering is being made only by means of a prospectus. Potential investors can obtain a copy of the preliminary prospectus from:
Raymond James & Associates, Inc. Attn: Equity Syndicate 880 Carillon Parkway St. Petersburg, FL 33716 Email: email@example.com Telephone: (800) 248-8863
Robert W. Baird & Co. Incorporated Attn: Syndicate Department 777 East Wisconsin Avenue Milwaukee, WI 53202-5391 Email: firstname.lastname@example.org Telephone: (414) 765-3632
Stifel, Nicolaus & Company, Incorporated Attn: Syndicate Department 1 South Street, 15th Floor Baltimore, MD 21202 Email: email@example.com Telephone: (855) 300-7136
BMO Capital Markets Corp. Attn: Equity Syndicate Department 3 Times Square , 27th Floor New York, NY 10036 Email: firstname.lastname@example.org Telephone: (800) 414-3627
To obtain a copy of the prospectus, when available, free of charge, visit the U.S. Securities and Exchange Commission's website, www.sec.gov, and search under the registrant's name, "Cypress Energy Partners, L.P."
About Cypress Energy Partners, L.P.
Cypress Energy Partners, L.P. is a growth-oriented master limited partnership that provides saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies in North Dakota and west Texas . Cypress also provides independent pipeline inspection and integrity services to producers and pipeline companies throughout the U.S. and Canada . In both of these business segments, Cypress works closely with its customers to help them comply with increasingly complex and strict environmental and safety rules and regulations and reduce their operating costs. Cypress was founded by Cypress Energy Holdings, LLC, an entity controlled by the family of Charles C. Stephenson, Jr. and by Peter C. Boylan III, the Chairman and CEO of Cypress. Cypress is headquartered in Tulsa , Oklahoma.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities 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 the registration or qualification under the securities laws of any such state or jurisdiction.
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