EnLink Midstream Partners reports pricing of $400M of senior notes

EnLink Midstream Partners LP

EnLink Midstream Partners LP (NYSE: ENLK) has announced the pricing of $100 million aggregate principal amount of its 4.400% senior notes due 2024 and $300 million aggregate principal amount of its 5.050% senior notes due 2045, at prices to the public of 104.007% and 99.452%, respectively, of their face value.

The 2024 notes are being offered as an additional issue of the Partnership’s outstanding 4.400% senior notes due 2024, issued in an aggregate principal amount of $450 million on March 19. The 2024 notes and the notes issued on March 19 will be treated as a single class of debt securities and will have identical terms, other than the issue date. 

The sale of the senior notes is expected to settle on Nov. 12, subject to customary closing conditions. EnLink Midstream intends to use the net proceeds of approximately $398.8 million from this offering for capital expenditures and general partnership purposes.

MUFG, Morgan Stanley, and RBS are acting as representatives and joint book-running managers for the offering. In addition, BBVA, Comerica Securities, and SunTrust Robinson Humphrey are acting as joint book-running managers.

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