Copano Energy (CPNO) Announces 6.3M Common Unit Offering

Copano Energy, L.L.C. (NASDAQ: CPNO) today announced that it plans to sell 6,300,000 common units representing limited liability company interests in an underwritten public offering pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriters have been granted a 30-day option to purchase up to 945,000 additional common units.

Copano intends to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its revolving credit facility and expects to use the increased borrowing capacity as needed for capital projects, acquisitions, hedging, working capital and general corporate purposes.

Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities will act as joint book-running managers of the offering. Barclays Capital, J.P. Morgan, RBC Capital Markets and Ladenburg Thalmann & Co. Inc. will act as co-managing underwriters of the offering.