Inergy to repay revolver borrowings with common units proceeds

By Sara Rosenberg

New York, Feb. 21 - Inergy LP plans to repay borrowings under its revolving acquisition credit facility using a portion of the proceeds from a public offering of 2.85 million limited partnership common units, according to a company news release.

Remaining proceeds from the offering will be used to fund capital expenditures associated with internal growth projects related to the company's midstream assets.

Inergy is a Kansas City, Mo.-based retail and wholesale propane supply, marketing and distribution company.

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