Boardwalk Pipeline Partners LP (NYSE: BWP) is planning to sell 8 million units in an effort for working capital and to repay debt. The oil-and-gas transportion MLP has listed Barclays Capital, BofA Merrill Lynch, Citigroup, J.P. Morgan, UBS Investment Bank and Wells Fargo Securities all as the joint book-running managers for this offering. This raises more than $200 million at current prices against what was a market capitalization rate of $5.66 billion for the MLP. Units are indicated down 4.2% at $27.30 against a 52-week range of $23.54 to $33.50. Keep in mind here that this MLP has an implied yield equivalent (unit distributions) which is currently close to 7.5% for Boardwalk investors and that is well above average now for MLPs.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
