DALLAS, July 11, 2016 /PRNewswire/ -- EnLink
Midstream Partners, LP (NYSE: ENLK) (the Partnership) today
announced the pricing of $500.0
million aggregate principal amount of its 4.850% senior
notes due 2026 at a price to the public of 99.859% of their face
value. The size of the offering was increased from the
previously announced $400 million
aggregate principal amount. The sale of the senior notes is
expected to settle on July 14, 2016,
subject to customary closing conditions. EnLink Midstream
intends to use the net proceeds of approximately $495.7 million from this offering to repay
outstanding borrowings under its revolving credit facility and for
general partnership purposes.
BofA Merrill Lynch, J.P. Morgan and SunTrust Robinson Humphrey
are acting as representatives and joint book-running managers for
the offering. A copy of the preliminary prospectus supplement
and base prospectus relating to the offering may be obtained from
the following addresses:
J.P. Morgan Securities LLC
383 Madison Avenue
New York, New York 10179
Attention: Investment Grade Syndicate Desk, 3rd
Floor
Collect: 1-212-834-4533
Merrill Lynch, Pierce, Fenner & Smith Incorporated
200 North College Street
NC1-004-03-43
Charlotte, NC 28255-0001
Attn: Prospectus Department
Toll-free: 1-800-294-1322
E-mail: dg.prospectus_requests@baml.com
SunTrust Robinson Humphrey, Inc.
303 Peachtree Street
Atlanta, GA 30308
Attention: Prospectus Department
Toll Free: 1-800-685-4786
Email: STRHdocs@SunTrust.com
You may also obtain these documents free of charge when they are
available by visiting the Securities and Exchange Commission's
website at www.sec.gov.
The senior notes are being offered and will be sold pursuant to
an effective shelf registration statement that was previously filed
with the Securities and Exchange Commission. This press release
does not constitute an offer to sell or the solicitation of an
offer to buy the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. This offering may be made only by means of
the preliminary prospectus supplement and accompanying base
prospectus.
About the EnLink Midstream Companies
EnLink Midstream is a leading, integrated midstream company with a
diverse geographic footprint and a strong financial foundation,
delivering tailored customer solutions for sustainable growth.
EnLink Midstream is publicly traded through two entities: EnLink
Midstream, LLC (NYSE: ENLC), the publicly traded general partner
entity, and EnLink Midstream Partners, LP (NYSE: ENLK), the master
limited partnership.
EnLink Midstream's assets are located in many of North America's premier oil and gas regions,
including the Barnett Shale, Permian Basin, Cana-Woodford Shale, Arkoma-Woodford Shale,
Eagle Ford Shale, Haynesville Shale, Gulf Coast region, Utica Shale
and Marcellus Shale. Based in
Dallas, Texas, EnLink Midstream's
assets include approximately 10,000 miles of gathering and
transportation pipelines, 19 processing plants with approximately
3.9 billion cubic feet per day of processing capacity, seven
fractionators with approximately 284,000 barrels per day of
fractionation capacity, as well as barge and rail terminals,
product storage facilities, purchase and marketing capabilities,
brine disposal wells, an extensive crude oil trucking fleet and
equity investments in certain private midstream companies.
Forward-Looking Statements
This press
release may include certain statements concerning expectations for
the future that are forward-looking statements within the meaning
of the federal securities laws, including statements regarding the
intended use of offering proceeds and other aspects of the
offering. Such forward-looking statements are subject to a variety
of known and unknown risks, uncertainties, and other factors that
are difficult to predict and many of which are beyond management's
control. An extensive list of factors that can affect future
results are discussed in EnLink Midstream's filings with the
Securities and Exchange Commission. EnLink Midstream has no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Investor
Contact:
|
Kate Walsh, Vice
President of Investor Relations
|
|
Phone: (214)
721-9696
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Kate.Walsh@enlink.com
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|
|
Media Contact:
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Jill McMillan,
Vice President of Public Relations
|
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Phone: (214)
721-9271
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Jill.McMillan@enlink.com
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SOURCE EnLink Midstream