Center Coast Mulls Acquisitions
September 22, 2016 at 12:00 am
Center Coast MLP & Infrastructure Fund (NYSE:CEN) intends to pursue acquisitions. Center Coast has completed a private placement of $50 million of Series A Mandatory Redeemable Preferred Shares. Net proceeds from the offering will be used to invest in additional MLP and energy infrastructure assets, refinance existing leverage and for general corporate purposes.