Blueknight Energy Partners LP priced an underwritten public offering of 8,500,000 common units representing limited partner interests at a public offering price of $7.61 per common unit. The offering is expected to close on or about Sept. 22, subject to customary closing conditions. Blueknight also granted the underwriters a 30-day option to purchase up to an additional 1,275,000 common units. Blueknight plans to use net proceeds from the offering for general partnership purposes, including the repayment of a portion of the outstanding borrowings under its credit facility, and to partially fund its Eaglebine pipeline project.

Wells Fargo Securities, RBC Capital Markets and BofA Merrill Lynch are acting as joint book-running managers for the offering. Stephens Inc. and SunTrust Robinson Humphrey are acting as co-managers for the offering.