EnLink Midstream Partners LP priced $900 million, in aggregate principal amount, of senior notes, the company said May 7.
There are $750 million, in aggregate principal amount, of 4.150% senior notes due 2025, and $150 million, in aggregate principal amount, of 5.050% senior notes due 2045.
The 2045 notes are an additional issue of the partnership’s Nov. 12, 2014, offering of $300 million, in aggregate principal amount, of outstanding 5.050% notes due in 2045.
Each issuance of 2045 notes is treated as a single debt securities class with identical terms excluding issue date, EnLink said.
The sale is scheduled to settle on May 12.
Net proceeds of about $886.8 million will repay outstanding revolving credit facility borrowings and support capex and general partnership purposes.
Barclays, BofA Merrill Lynch and Deutsche Bank Securities Inc. are representatives and joint book-running managers.
EnLink Midstream Partners LP is based in Dallas.
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