BreitBurn to pay down credit facility borrowings with notes proceeds

By Marisa Wong

Madison, Wis., Sept. 23 - BreitBurn Energy Partners LP said that it intends to reduce borrowings under its bank credit facility using net proceeds from a proposed notes offering.

The company said it plans to offer $250 million of senior notes due 2020 in a Rule 144A and Regulation S sale.

BreitBurn is a Los Angeles-based oil and gas limited partnership focused on the acquisition, exploitation, development and production of oil and gas properties.

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