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
priced its previously announced public offering of 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) at
$23.20 per common unit. The size of
the offering has been upsized from 12,000,000 common units to
13,500,000 common units. The underwriters have also been granted an
option to purchase up to 2,025,000 additional common units (the
option). Dominion Midstream expects the offering to close on
Nov. 3, 2016, subject to customary
closing conditions.
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,
BofA Merrill Lynch, Citigroup 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.
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SOURCE Dominion Midstream Partners