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The company stated that holders of the notes will have the right to require the partnership to repurchase them on 15 March 2012 at a purchase price equal to 100% of the principal amount of the notes plus any accrued and unpaid interest.
The net proceeds of approximately USD595.7m from this offering is expected to be utilised by the company to repay amounts outstanding under its revolving credit facility, to pay expenses associated with the offering and for general partnership purposes.
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