RICHMOND, Va., Oct. 31, 2016 /PRNewswire/ -- Dominion
Midstream Partners, LP (NYSE: DM), a Delaware limited partnership and a subsidiary
of Dominion Resources, Inc. (NYSE: D), announced today that it has
commenced a public offering of 12,000,000 limited partnership units
representing limited partner interests (common units) pursuant to
an effective shelf registration statement filed with the U.S.
Securities and Exchange Commission (SEC). Dominion Midstream
expects to grant the underwriters an option to purchase up to
1,800,000 additional common units (the option). Dominion
Midstream intends to use the net proceeds from this offering,
including any net proceeds from the underwriters' exercise of their
option, to fund a portion of the purchase price for the acquisition
of all of the issued and outstanding membership interests of
Questar Pipeline, LLC, from Dominion (the acquisition). This
offering is not conditioned on the consummation of the acquisition.
If the acquisition is not consummated, Dominion Midstream intends
to use the net proceeds from this offering for general partnership
purposes, which may include, among other things, debt repayment,
acquisitions, capital expenditures and additions to working
capital.
RBC Capital Markets, Barclays, J.P. Morgan, Mizuho Securities,
Citigroup, BofA Merrill Lynch and UBS Investment Bank are acting as
joint book-running managers for the offering.
This offering will be made only by means of a written
prospectus. Copies of the prospectus supplement and accompanying
base prospectus related to this offering may be obtained from:
RBC Capital
Markets
|
Barclays
|
200 Vesey Street, 8th
Floor
|
c/o Broadridge
Financial Solutions
|
New York, NY
10281-8098
|
1155 Long Island
Avenue
|
Attn: Equity
Syndicate
|
Edgewood, New York
11717
|
equityprospectus@rbccm.com
|
barclaysprospectus@broadridge.com
|
Toll-Free: (877)
822-4098
|
Toll-Free: (888)
603-5847
|
|
|
J.P.
Morgan
|
Mizuho
Securities
|
c/o Broadridge
Financial Solutions
|
320 Park Avenue, 12th
Floor
|
1155 Long Island
Avenue
|
New York, New York
10022
|
Edgewood, New York
11717
|
Attn: Equity Capital
Markets
|
prospectus-eq_fi@jpmchase.com
|
Telephone: (212)
205-7600
|
Toll-Free: (866)
803-9204
|
|
|
|
BofA Merrill
Lynch
|
Citigroup
|
NC1-004-03-43
|
c/o Broadridge
Financial Solutions
|
200 North College
Street, 3rd Floor
|
1155 Long Island
Avenue
|
Charlotte, North
Carolina 28255-0001
|
Edgewood, New York
11717
|
Attn: Prospectus
Department
|
Toll-Free: (800)
831-9146
|
dg.prospectus_requests@baml.com
|
|
|
|
UBS Investment
Bank
|
|
1285 Avenue of the
Americas
|
|
New York, New York
10019
|
|
Attn: Prospectus
Dept.
|
|
Toll-Free: (888)
827-7275
|
|
This news release does not constitute an offer to sell or a
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 an offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
You may also obtain copies of the prospectus supplement and the
accompanying base prospectus free of charge at the SEC's website,
www.sec.gov, under the registrant's name "Dominion Midstream
Partners, LP."
About Dominion Midstream
Dominion Midstream is a
Delaware limited partnership
formed by Dominion, to grow a portfolio of natural gas terminaling,
processing, storage, transportation and related assets. It is
headquartered in Richmond, Va.
This release contains certain forward-looking statements that
are subject to various risks and uncertainties. Factors that could
cause actual results to differ from those in the forward-looking
statements may accompany the statements themselves. In addition,
our business is influenced by many factors that are difficult to
predict, involve uncertainties that may materially affect actual
results and are often beyond our ability to control. These factors
include, but are not limited to, financial market conditions and/or
the anticipated benefits from the Acquisition that may take longer
to realize than expected. We have identified and will in the future
identify a number of additional generally applicable factors in our
reports on Forms 10-K, 10-Q and 8-K filed with the U.S. Securities
and Exchange Commission. We refer you to those discussions for
further information.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/dominion-midstream-partners-to-offer-limited-partnership-units-300353943.html
SOURCE Dominion Midstream Partners