DALLAS, Dec. 10, 2018 /PRNewswire/ -- The EnLink
Midstream companies (EnLink), EnLink Midstream Partners, LP (NYSE:
ENLK) (the Partnership or ENLK) and EnLink Midstream, LLC (NYSE:
ENLC) (the General Partner of ENLC), today announced that a special
meeting of ENLK's unitholders will be held on January 23, 2019, to consider and vote upon the
previously announced merger agreement whereby ENLC will acquire all
outstanding common units of ENLK not already owned by ENLC in a
unit-for-unit exchange transaction to simplify its corporate
structure.
The special meeting of ENLK unitholders will be held on
January 23, 2019, at 10 a.m.
Central Time, at 1722 Routh St., First Floor Conference
Center, Dallas,
Texas 75201. All holders of record of ENLK's common units
or ENLK's Series B Cumulative Convertible Preferred Units (Series B
Units) as of the close of business on December 18, 2018, which is the record date for
the special meeting, are entitled to vote at the meeting.
ENLC and ENLK expect the simplification transaction to close in
late January 2019, subject to certain
closing conditions under the terms of the merger agreement,
including receipt of the required approval by ENLK's unitholders at
the special meeting and the satisfaction of other customary closing
conditions.
In addition, EnLink today announced that ENLC's registration
statement on Form S-4 relating to the simplification transaction
has been declared effective as of December
10, 2018, by the Securities and Exchange Commission (SEC).
Important information about the simplification transaction and the
special meeting of ENLK unitholders is included in the joint
information statement/proxy statement/prospectus, which has been
filed with the SEC and which will be mailed on or about
December 10, 2018, to unitholders of
ENLK and to unitholders of ENLC.
ENLK unitholders who have questions about the merger or the
special meeting (or who would like additional copies of the joint
information statement/proxy statement/prospectus or additional
proxy cards or who need assistance with voting) should contact
ENLK's proxy solicitor, MacKenzie Partners, Inc., toll-free at
800-322-2885.
About the EnLink Midstream Companies
EnLink provides
integrated midstream services across natural gas, crude oil,
condensate, and NGL commodities. EnLink operates in several top
U.S. basins and is strategically focused on the core growth areas
of the Permian's Midland and Delaware basins, Oklahoma's Midcontinent, and Louisiana's Gulf Coast. Headquartered in
Dallas, EnLink is publicly traded
through EnLink Midstream, LLC (NYSE: ENLC), the General Partner,
and EnLink Midstream Partners, LP (NYSE: ENLK), the Master Limited
Partnership. Visit www.EnLink.com for more information on how
EnLink connects energy to life.
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of the
federal securities laws. Although these statements reflect the
current views, assumptions, and expectations of our management, the
matters addressed herein involve certain assumptions, risks, and
uncertainties that could cause actual activities, performance,
outcomes, and results to differ materially than those indicated
herein. Therefore, you should not rely on any of these
forward-looking statements. All statements, other than statements
of historical fact, included in this press release constitute
forward looking statements, including but not limited to statements
identified by the words "forecast," "may," "believe," "will,"
"should," "plan," "predict," "anticipate," "intend," "estimate,"
and "expect" and similar expressions. Such forward-looking
statements include, but are not limited to, statements about the
proposed transaction, the expected consideration to be received in
connection with the closing of the proposed transaction, the timing
of the unitholder meeting, the timing of the consummation of the
proposed transaction, if it will be consummated at all, whether the
structure resulting from the proposed simplification transaction
will simplify the corporate structure, and other statements that
are not historical facts. Such statements are subject to a
number of assumptions, risks, and uncertainties, many of which are
beyond the control of ENLK and ENLC, which may cause actual results
to differ materially from those implied or expressed by the
forward-looking statements. These and other applicable
uncertainties, factors, and risks are described more fully in
ENLK's and ENLC's filings with the Securities and Exchange
Commission ("SEC"), including ENLK's and ENLC's Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K. Neither ENLK nor ENLC assumes any obligation to update
any forward-looking statements.
Important Information for Investors and Unitholders
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval. In connection with the proposed transaction
referred to in this press release, on November 8, 2018, ENLC filed with the SEC a
registration statement on Form S-4, as amended on December 6, 2018, that included a preliminary
joint information statement and proxy statement of ENLC and ENLK
and that also constitutes a preliminary prospectus of ENLC. The
registration statement was declared effective by the SEC on
December 10, 2018. ENLK and ENLC
commenced mailing the definitive joint information statement/proxy
statement/prospectus to their respective unitholders on or about
December 10, 2018. This press release
is not a substitute for the joint information statement/proxy
statement/prospectus or registration statement or for any other
document that ENLC or ENLK may file with the SEC and send to ENLC's
and/or ENLK's unitholders in connection with the proposed
transaction.
INVESTORS AND SECURITY HOLDERS OF ENLC AND ENLK ARE URGED TO
READ THE JOINT INFORMATION STATEMENT/PROXY STATEMENT/PROSPECTUS AND
OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY
BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors and security holders will be able to obtain free
copies of the joint information statement/proxy
statement/prospectus and other documents filed with the SEC by
ENLC or ENLK through the website maintained by the SEC at
http://www.sec.gov. Copies of the documents filed with the SEC by
ENLC and ENLK will be available free of charge on ENLC's and ENLK's
website at www.enlink.com, in the "Investors" tab, or by contacting
ENLC's and ENLK's Investor Relations Department at
214-721-9696.
Participants in the Solicitation
ENLC and the
directors and executive officers of the managing member of ENLC and
the directors and executive officers of the general partner of ENLK
may be considered participants in the solicitation of proxies with
respect to the proposed transactions under the rules of the SEC.
Information about the directors and executive officers of the
managing member of ENLC may be found in its Annual Report on Form
10-K for the year ended December 31,
2017 filed with the SEC on February
21, 2018. Information about the directors and executive
officers of the general partner of ENLK may be found in its Annual
Report on Form 10-K for the year ended December 31, 2017 filed with the SEC on
February 21, 2018. These documents
can be obtained free of charge from the sources indicated above.
Additional information regarding the participants in the proxy
solicitations and a description of their direct and indirect
interests, by security holdings or otherwise, will also be included
in any proxy statement and other relevant materials to be filed
with the SEC when they become available.
Investor Relations: Kate
Walsh, Vice President of Investor Relations, 214-721-9696,
kate.walsh@enlink.com
Media Relations: Jill
McMillan, Vice President of Public & Industry Affairs,
214-721-9271, jill.mcmillan@enlink.com
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SOURCE EnLink Midstream