EnLink Midstream Partners LP (NYSE: ENLK) priced several groups of senior notes, the company said March 12.
A $400 million aggregate principal amount of 2.7% senior notes due 2019, a $450 million aggregate principal amount of 4.4% senior notes due 2024 and a $350 million aggregate principal amount of 5.6% senior notes due 2044 were priced, the company said.
The notes were priced at 99.850%, 99.830% and 99.925% of their face value, respectively, EnLink Midstream added.
Net proceeds, of about $1.190 billion, will fund a previously announced tender offer for outstanding 8.875% senior notes due 2018, the company said, noting that they will also reduce credit facility borrowings and be used for growth capital spending and other general partnership purposes.
The offering is scheduled to close March 19, the company said.
BofA Merrill Lynch, Citigroup Inc. (NYSE: C) and RBC Capital Markets were representatives and joint book-running managers, the company said.
BBVA, BMO Capital Markets, Comerica Securities Inc., J.P. Morgan, Mitsubishi UFJ Securities, RBS, US Bancorp and Wells Fargo Securities LLC were also joint book-running managers, the company said.
EnLink Midstream is a Dallas, Texas-based midstream provider formed through the merger of Crosstex Energy Inc. and the domestic midstream assets of Devon Energy Corp. (NYSE: DVN).
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