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4-Traders Homepage  >  Equities  >  Nyse  >  Rose Rock Midstream LP    RRMS

Delayed Quote. Delayed  - 09/23 10:02:01 pm
26.28 USD   -3.28%
09/17 SEMGROUP CORPOR : and Rose Rock Midstream to Participate in Upcoming..
08/11 SEMGROUP CORPOR : and Rose Rock Midstream to Present at Citis 2016 M..
08/05 SEMGROUP : and Rose Rock report second quarter earnings
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Rose Rock Midstream LP : Rose Rock Midstream Announces Pricing of Public Offering of Common Units

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08/13/2013 | 03:23pm CEST

TULSA, Okla., Aug. 13, 2013 (GLOBE NEWSWIRE) -- Rose Rock Midstream®, L.P. (NYSE:RRMS) today announced that it has priced an underwritten public offering of 4,750,000 common units representing limited partner interests at an offering price of $33.44 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 712,500 common units.

The partnership intends to use the net proceeds from this offering and from any exercise of the underwriters' option to purchase additional common units to repay borrowings outstanding under its revolving credit facility, fund capital expenditures and for general partnership purposes.

Barclays, UBS Investment Bank, Citigroup, Deutsche Bank Securities and RBC Capital Markets acted as joint book-running managers for the offering.

The offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained from the underwriters as follows:

c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: (888) 603-5847
Email: Barclaysprospectus@broadridge.com
UBS Investment Bank
Attn: Prospectus Department
299 Park Avenue, 28th Floor
New York, New York 10171
Phone: (888) 827-7275
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Phone: (800) 831-9146
Deutsche Bank Securities Inc.
Attn: Prospectus Department
60 Wall Street
New York, New York 10005-2836
Phone: (800) 503-4611
RBC Capital Markets
Attn: Prospectus Department
3 World Financial Center
200 Vesey Street, 8th Floor
New York, New York 10281-8098
Phone: (877) 822-4089

You may also obtain these documents for free when they are available by visiting EDGAR on the SEC website at www.sec.gov.

This press release does not constitute an offer to sell or a 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering will be made only by means of a prospectus and related prospectus supplement, which are part of an effective registration statement.

About Rose Rock Midstream

Rose Rock Midstream®, L.P. (NYSE:RRMS) is a growth-oriented Delaware limited partnership formed by SemGroup® Corporation (NYSE:SEMG) to own, operate, develop and acquire a diversified portfolio of midstream energy assets. Rose Rock Midstream provides crude oil gathering, transportation, storage and marketing services. Headquartered in Tulsa, OK, Rose Rock Midstream has operations in six states with the majority of its assets strategically located in or connected to the Cushing, Oklahoma crude oil marketing hub.

Rose Rock Midstream® is a registered trademark of SemGroup Corporation.

Forward-Looking Statements

Certain matters contained in this press release include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

All statements, other than statements of historical fact, included in this press release, including the prospects of our industry, our anticipated financial performance, management's plans and objectives for future operations, business prospects, market conditions and other matters, may constitute forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, our ability to comply with the covenants contained in and maintain certain financial ratios required by our credit facilities; any sustained reduction in demand for the petroleum products we gather, transport, process, store and market; our ability to obtain new sources of supply of petroleum products; our failure to comply with new or existing environmental laws or regulations or cross border laws or regulations; the possibility that the construction or acquisition of new assets may not result in the corresponding anticipated revenue increases; as well as other risk factors discussed from time to time in each of our documents and reports filed with the SEC.

Readers are cautioned not to place undue reliance on any forward-looking statements contained in this Press Release, which reflect management's opinions only as of the date hereof. Except as required by law, we undertake no obligation to revise or publicly release the results of any revision to any forward-looking statements.

CONTACT: Investor Relations:
         Mary Catherine Ward

         Kiley Roberson
Source: Rose Rock Midstream; SemGroup Corporation
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09/17 SEMGROUP CORPORATION : and Rose Rock Midstream to Participate in Upcoming Confer..
08/30 ROSE ROCK MIDSTREAM, L.P. : Submission of Matters to a Vote of Security Holders ..
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Financials ($)
Sales 2016 721 M
EBIT 2016 115 M
Net income 2016 57,8 M
Debt 2016 748 M
Yield 2016 9,76%
P/E ratio 2016 25,19
P/E ratio 2017 27,09
EV / Sales 2016 2,38x
EV / Sales 2017 2,43x
Capitalization 968 M
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Rose Rock Midstream LP Technical Analysis Chart | RRMS | US7771491054 | 4-Traders
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Technical analysis trends ROSE ROCK MIDSTRE...
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Mean consensus HOLD
Number of Analysts 9
Average target price 27,2 $
Spread / Average Target 3,4%
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Carlin G. Conner Chairman, President & Chief Executive Officer
Peter L. Schwiering Chief Operating Officer & Director
Robert N. Fitzgerald Chief Financial Officer, Director & Senior VP
Timothy R. O'Sullivan Director & Vice President-Corporate Planning
Rodney Lynn Gray Independent Director
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1st jan.Capitalization (M$)
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