Under the terms of the amended facility, EPO may borrow up to $1.5 billion, which may be increased by up to $200 million to $1.7 billion.
Noble Midstream Partners LP will own and operate pipelines and processing assets largely in Colarado's Weld County. Noble will use the proceeds from the IPO to put cash back into its parent company.
PBF used a portion of the proceeds to fund part of the purchase price for its recently completed acquisition of a 50% interest in Torrance Valley Pipeline Co. LLC from an affiliate of PBF Energy Inc.
Antero Midstream Partners LP said Sept. 6 that it will offer $500 million of senior unsecured notes due 2024 in a private placement.
Houston-based Noble Energy shelved its plan to take its midstream unit public in November due to a slump in oil prices. It first filed for an IPO on Oct. 22.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA Inc. and RBC Capital Markets LLC are joint book-running managers.
The units are priced at $35.84 each.
Enbridge is expanding its North American pipeline network, which carries the bulk of Canadian crude oil exports to the U.S., Reuters reported.
AIMCo will initially purchase $300 million units with a commitment to purchase an additional $200 million in the future.
Williams cuts dividend by 69%, citing turmoil after failed ETE merger and low commodity prices.
The net proceeds will support general partnership purposes including debt repayment, capex and additions to working capital, as well as future acquisitions.
Is the state of the midstream energy sector as positive as claimed or as negative as feared? Our first ranking of leading publicly owned companies confirms the relative strength of its players in comparison to counterparts in the upstream.