EnLink Midstream announces public offering of common units

EnLink Midstream Partners, LP (the Partnership) has announced the commencement of an underwritten public offering of 10 500 000 common units representing limited partner interests of the Partnership. The Partnership will also grant the underwriters a 30-day option to purchase up to 1 575 000 additional common units. The Partnership intends to use the net proceeds from this offering, including any net proceeds from the underwriters’ exercise of their option, for capital expenditures and general partnership purposes.

Wells Fargo Securities, Barclays, BofA Merrill Lynch and Morgan Stanley are acting as representatives and joint book-running managers for the offering. In addition, Citigroup, Credit Suisse, Deutsche Bank Securities,Goldman, Sachs & Co., Jefferies, J.P. Morgan, UBS Investment Bank andRBC Capital Markets are acting as joint book-running managers.

The common units are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/14112014/enlink-midstream-announces-public-offering-of-common-units-1023/