ENLINK MIDSTREAM PARTNERS, LP (NYSE:ENLK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive
Agreement.
Underwriting Agreement
On May4, 2017, EnLink Midstream Partners, LP (the Partnership)
entered into an underwriting agreement (the Underwriting
Agreement) with Barclays Capital Inc., Credit Suisse Securities
(USA) LLC and Wells Fargo Securities, LLC, as representatives of
the several underwriters named therein (collectively, the
Underwriters), with respect to the issuance and sale in an
underwritten public offering (the Offering) by the Partnership of
$500.0 million aggregate principal amount of its 5.450% senior
notes due 2047 (the Notes), at a price to the public of 99.981%
of their face value.
The Offering was registered under the Securities Act of 1933, as
amended (the Securities Act), to a shelf registration statement
on FormS-3 (File No.333-216570) (the Registration Statement),
which became effective automatically upon filing with the
Securities and Exchange Commission (the Commission) on March9,
2017. The closing of the Offering is expected to occur on May11,
2017, subject to the satisfaction of customary closing
conditions.
The Notes will be issued under an Indenture, dated as of March19,
2014, and a supplemental indenture, to be dated as of May11,
2017, in each case between the Partnership and Wells Fargo Bank,
National Association, as trustee.
In the Underwriting Agreement, the Partnership agreed to
indemnify the Underwriters against certain liabilities, including
liabilities under the Securities Act, or to contribute to
payments the Underwriters may be required to make because of any
of those liabilities.
The foregoing description is qualified in its entirety by
reference to the text of the Underwriting Agreement, which is
filed as Exhibit1.1 to this Current Report on Form8-K (this
Current Report) and incorporated herein by reference.
Item 7.01. Regulation FD
Disclosure.
On May4, 2017, the Partnership issued a press release announcing
its intention to commence the Offering. Also on May4, 2017, the
Partnership issued a press release announcing the pricing of the
Notes to be issued and sold to the Offering. Copies of the press
releases are furnished as Exhibits 99.1 and 99.2 to this Current
Report.
In accordance with General Instruction B.2 of Form8-K, the
information set forth in this Item 7.01 and in Exhibits 99.1 and
99.2 is deemed to be furnished and shall not be deemed to be
filed for purposes of Section18 of the Securities Exchange Act of
1934, as amended (the Exchange Act).
Item 9.01. Financial Statements and
Exhibits.
(d) Exhibits.
In accordance with General Instruction B.2 of Form8-K, the
information set forth in Exhibits 99.1 and 99.2 is deemed to be
furnished and shall not be deemed to be filed for purposes of
Section18 of the Exchange Act.
EXHIBIT NUMBER |
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DESCRIPTION |
1.1 |
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Underwriting Agreement, dated as of May4, 2017, by and |
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99.1 |
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Press release dated May4, 2017. |
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99.2 |
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Press release dated May4, 2017. |
About ENLINK MIDSTREAM PARTNERS, LP (NYSE:ENLK)
EnLink Midstream Partners, LP is a midstream energy services company. The Company operates in five segments: Texas, which includes its natural gas gathering, processing and transmission activities in north Texas and the Permian Basin in west Texas; Oklahoma, which includes its natural gas gathering, processing and transmission activities in Cana-Woodford and Arkoma-Woodford Shale areas; Louisiana, which includes its natural gas pipelines, natural gas processing plants and natural gas liquids (NGL) assets located in Louisiana; Crude and Condensate, which includes its Ohio River Valley (ORV) crude oil, condensate and brine disposal activities in the Utica and Marcellus Shales, its equity interests, crude oil operations in the Permian Basin and crude oil activities associated with the Victoria Express Pipeline, and related truck terminal and storage assets (VEX) located in the Eagle Ford Shale, and Corporate Segment. ENLINK MIDSTREAM PARTNERS, LP (NYSE:ENLK) Recent Trading Information
ENLINK MIDSTREAM PARTNERS, LP (NYSE:ENLK) closed its last trading session up +0.66 at 17.68 with 856,335 shares trading hands.