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Crestwood Equity Partners LP, 9.25% Preferred Partnership Units -144A STOCK
Ticker Symbol: CEQP-     CUSIP: 226344307     Exchange: NYSE

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Crestwood Equity Partners LP, 9.25% Cumulative Preferred Units, not redeemable at the issuer's option at any time, and with no stated maturity. Cumulative distributions of 9.25% per annum ($0.8444 per annum or $0.2111 per quarter) will be paid quarterly within 45 days after the end of each quarter to holders of record on the record date fixed by the board. (NOTE: the ex-dividend date is one business day prior to the record date). If the issuer fails to pay the Preferred Distribution in full in cash for any quarter after the Initial Distribution Period, then until such time as all accrued and unpaid preferred distributions are paid in full in cash the Distribution Amount will increase to $0.2567 per quarter and any accrued and unpaid distributions will increase at a rate of 2.8125% per quarter, with the amount of such unpaid distribution accruing and accumulating from the last day of the quarter for which such distribution is due until paid in full. Under certain circumstances the general parner or any of its affiliates may caused the preferred units to be redeemed (See prospectus for more details). Upon the occurrence of a change of control resulting in the common units of the surviving entity no longer being listed on the NYSE, the AMEX or the Nasdaq exchanges and the consideration per common unit exceeds $10.00 the company may be required to redeem the preferred units at $9.218573 per preferred unit, plus accrued and unpaid distributions to the date of such redemption (see prospectus for more details). The preferred shares are convertible any time at the holder's option into common units of Crestwood Equity Partners LP, (NYSE: CEQP), at the then-applicable Conversion Ratio. If the price of the common units exceeds $13.69095 divided by the then applicable Conversion Ratio for 20 of any 30 consecutive trading days, the general partner may, at their option, cause the preferred units to be converted into common units at the then prevailing conversion price (see prospectus for more details). In regard to the payment of dividends and upon liquidation, the preferred units rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common units of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conv Shrs
Conv Price
Distribution Dates 15%
Tax Rate
NYSE
Chart
9.25%
$0.84
n.a.
n.a.
None
None
B1 NR
11/03/2022
10:1
n.a.
n.a.
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (CEQP)

Notes:  On November 23, 2015 -- Crestwood Equity Partners LP effected a reverse unit split at the ratio of 1-for-10, which proportionally adjusted the conversion ratio of the preferred units, so that the 71,257,445 preferred units currently outstanding are convertible into 7,125,745 common units, with fractional units rounded to the nearest whole unit.

IPO - 5/3/2018 - 0 Units @ $/unit.    Link to IPO Prospectus
Previous Ticker Symbol: CEPPU
Market Value $689.0 Million

Company's Online Information Links
HOME PAGE:     https://www.crestwoodlp.com
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address Rhianna.disch@crestwoodlp.com

Address and Phone Numbers
Address:   811 Main St., Suite 3400, Houston, TX 77002
Main Phone Number 832-519-2200
Fax Number 832-519-2250
Investor Relations   Rhianna Disch 713-380-3006
Toll Free Phone Number Unknown
CEO - Robert G. Phillips CFO - John Black

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Latest Update: 3/31/2021