EnLink Midstream subsidiary purchases common units

EnLink Midstream LLC’s (NYSE: ENLC) (the General Partner) subsidiary purchased 2,849,100 common units representing limited partner interests of EnLink Midstream Partners LP (NYSE: ENLK) (the Master Limited Partnership) in a private placement.

The Master Limited Partnership received proceeds of $50 million in the transaction, which will fund the Master Limited Partnership’s growth. Following the common unit purchase, the General Partner’s aggregate limited partner ownership interest in the Master Limited Partnership will increase to approximately 26.7%.


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