SUN paid $966.9 million in cash and issued ETP's subsidiaries about 21.98 million units valued at about $966.9 million. SHC will be owned by SUN's indirect wholly owned subsidiary.
After a two-for-one split, common units began trading on the New York Stock Exchange July 27. Going forward, the quarterly distribution amount will reflect the split.
EVX develops oil and natural gas, and also develops produced-water gathering, processing, treatment and transportation assets, in the Permian Basin, Eagle Ford Shale and Midcontinent.
The merger of QEP Midstream Partners LP and Tesoro Logistics LP was approved during a unitholder meeting in San Antonio on July 21.
The transaction is expected to close on August 1. Tudor, Pickering, Holt & Co was the financial adviser to ETP, while Akin Gump Strauss Hauer & Feld LLP and Richard Layton & Finger PA its legal advisers.
The notes are due in 2022, and under an indenture will be a single class of debt securities with $550 million of identical notes issued on Nov. 13, 2014.
Stakeholder provides natural gas gathering, compression, treating and processing in North American unconventional shale plays, including the Eagle Ford. It also provides NGL solutions and oil gathering, transportation and storage.
Cheniere Partners will close credit facilities and issue Bechtel Oil Gas and Chemicals Inc. a notice to proceed on Train 5. Trains 1, 2 were about 90.8% complete May 31.
CorEnergy offered 11.25 million common shares priced at $6 each for $67.5 million. CorEnergy also priced unsecured convertible senior notes at $100 million. Both offers scheduled to close June 29.
When the previous 31,138 shares are added to this amount, Rex American can now buy back 531,138 shares. To date, the company has repurchased 466,444 shares priced at $62.53 each.
Both new facilities mature on Sept. 30, 2016, and will support Stack and Woodford gas and oil gathering and processing. Capital One NA led six banks as administrative agent.
Williams Cos. rejected a $48 billion stock-based takeover offer from pipeline magnate Kelcy Warren, Bloomberg said. Williams hired banks to explore alternatives to the offer.