EnLink Midstream Partners LP priced an underwritten public offering of 10,500,000 common units representing limited partner interests in the partnership at a public offering price of $28.37 per common unit. The offering is expected to close on or about Nov. 19, 2014. The partnership has also granted 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 and RBC Capital Markets are acting as joint book-running managers.
Recommended Reading
Private Equity: Seeking ‘Scottie Pippen’ Plays, If Not Another Michael Jordan
2024-01-25 - The Permian’s Tier 1 acreage opportunities for startup E&Ps are dwindling. Investors are beginning to look elsewhere.
Some Payne, But Mostly Gain for H&P in Q4 2023
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
Uinta Basin: 50% More Oil for Twice the Proppant
2024-03-06 - The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.
In Shooting for the Stars, Kosmos’ Production Soars
2024-02-28 - Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.