EnLink Midstream Announces Secondary Offering of Common Units by a Subsidiary of Devon Energy
25 March 2015 - 7:13AM
Business Wire
EnLink Midstream Partners, LP (NYSE: ENLK) (the “Partnership”)
today announced the commencement of an underwritten public offering
of 22,800,000 common units representing limited partner interests
in the Partnership owned by a subsidiary of Devon Energy
Corporation (“Devon”). Devon will also grant the underwriters a
30-day option to purchase up to 3,420,000 additional common units.
The Partnership will not receive any proceeds from the offering of
common units. The total number of outstanding common units of the
Partnership will remain unchanged.
Morgan Stanley is acting as representative and joint
book-running manager for the offering. In addition, BofA Merrill
Lynch, Barclays, Wells Fargo Securities, J.P. Morgan, UBS
Investment Bank, Citigroup, Credit Suisse, Deutsche Bank
Securities, Goldman, Sachs & Co., RBC Capital Markets,
Jefferies and Raymond James are acting as joint book-running
managers. Baird and Oppenheimer & Co. are acting as co-managers
for the offering. When available, copies of the preliminary
prospectus supplement, the prospectus supplement and accompanying
base prospectus relating to the offering may be obtained from
Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014.
You may also obtain these documents free of charge, when they
are available, by visiting the Securities and Exchange Commission’s
website at www.sec.gov.
The common units are being offered and will be sold pursuant to
the Partnership’s effective shelf registration statement that was
previously filed with the Securities and Exchange Commission. This
press release does not constitute an offer to sell or the
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 offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. This offering
may be 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.
About the EnLink Midstream Companies
EnLink Midstream is a leading, integrated midstream company with
a diverse geographic footprint and a strong financial foundation,
delivering tailored customer solutions for sustainable growth.
EnLink Midstream is publicly traded through two entities: EnLink
Midstream, LLC (NYSE: ENLC), the publicly traded general partner
entity, and EnLink Midstream Partners, LP (NYSE: ENLK), the master
limited partnership.
EnLink Midstream’s assets are located in many of North America’s
premier oil and gas regions, including the Barnett Shale, Permian
Basin, Cana-Woodford Shale, Arkoma-Woodford Shale, Eagle Ford
Shale, Haynesville Shale, Gulf Coast region, Utica Shale and
Marcellus Shale. Based in Dallas, Texas, EnLink Midstream’s assets
include over 9,100 miles of gathering and transportation pipelines,
16 processing plants with 3.6 billion cubic feet per day of
processing capacity, seven fractionators with 280,000 barrels per
day of fractionation capacity, as well as barge and rail terminals,
product storage facilities, purchase and marketing capabilities,
brine disposal wells, an extensive crude oil trucking fleet and
equity investments in certain private midstream companies.
Forward-Looking Statements
This press release may include certain
statements concerning expectations for the future that are
forward-looking statements within the meaning of the federal
securities laws. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in the Partnership’s filings with the
Securities and Exchange Commission. The Partnership has no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
EnLink MidstreamJill McMillan, 214-721-9271Vice
President of Communications and Investor
RelationsJill.McMillan@enlink.com
EnLink Midstream Partners, LP (NYSE:ENLK)
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