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Baker Botts Represents Initial Purchasers in Crestwood Midstream Partners $700 Million Senior Notes Offering

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AUSTIN, March 23, 2015 – Baker Botts, a major international business law firm, announced that Crestwood Midstream Partners, LP (“Crestwood Midstream”) closed a private offering of $700 million in aggregate principal amount of 6.25% unsecured Senior Notes due 2023. Crestwood Midstream expects to use the net proceeds from the offering to fund the redemption of its outstanding 7.75% Senior Notes due 2019, to pay down borrowings outstanding under its revolving credit facility, and for general partnership purposes.

The initial purchasers in the offering were Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, SunTrust Robinson Humphrey, Inc., Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc., Comerica Securities, Inc., PNC Capital Markets LLC, and U.S. Bancorp Investments, Inc.

Baker Botts represented the initial purchasers in the transaction.

Baker Botts Lawyers/Office Involved: Corporate: Mollie Duckworth (Partner, Austin); Doug Rayburn (Partner, Dallas); Joshua Davidson (Partner, Houston); Alyssia Bernazal (Associate, Austin); Christopher Janisch (Associate, Austin) Tax: Chuck Campbell (Special Counsel, Houston) Regulatory: Gregory Wagner (Special Counsel, Washington D.C.); Gina Sagar (Associate, Washington D.C.) Environmental: Scott Janoe (Partner, Houston); Kimberly White (Associate, Houston) Real Estate: Daniel Kruger (Associate, Houston)

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