EnLink Midstream Announces Pricing Of $500 Million Of Senior Notes Due 2026

DALLAS, July 11, 2016 /PRNewswire/ -- EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership) today announced the pricing of $500.0 million aggregate principal amount of its 4.850% senior notes due 2026 at a price to the public of 99.859% of their face value.  The size of the offering was increased from the previously announced $400 million aggregate principal amount.  The sale of the senior notes is expected to settle on July 14, 2016, subject to customary closing conditions.  EnLink Midstream intends to use the net proceeds of approximately $495.7 million from this offering to repay outstanding borrowings under its revolving credit facility and for general partnership purposes.

BofA Merrill Lynch, J.P. Morgan and SunTrust Robinson Humphrey are acting as representatives and joint book-running managers for the offering.  A copy of the preliminary prospectus supplement and base prospectus relating to the offering may be obtained from the following addresses:

J.P. Morgan Securities LLC 
383 Madison Avenue 
New York, New York 10179 
Attention: Investment Grade Syndicate Desk, 3^rd Floor 
Collect: 1-212-834-4533

Merrill Lynch, Pierce, Fenner & Smith Incorporated 
200 North College Street 
NC1-004-03-43 
Charlotte, NC  28255-0001 
Attn: Prospectus Department 
Toll-free: 1-800-294-1322  
E-mail: [email protected]

SunTrust Robinson Humphrey, Inc. 
303 Peachtree Street 
Atlanta, GA 30308 
Attention: Prospectus Department 
Toll Free: 1-800-685-4786 
Email: [email protected]

You may also obtain these documents free of charge when they are available by visiting the Securities and Exchange Commission's website at www.sec.gov.

The senior notes are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This offering may be made only by means of the preliminary prospectus supplement and accompanying base prospectus.

About the EnLink Midstream Companies 
EnLink Midstream is a leading, integrated midstream company with a diverse geographic footprint and a strong financial foundation, delivering tailored customer solutions for sustainable growth. EnLink Midstream is publicly traded through two entities: EnLink Midstream, LLC (NYSE: ENLC), the publicly traded general partner entity, and EnLink Midstream Partners, LP (NYSE: ENLK), the master limited partnership.

EnLink Midstream's assets are located in many of North America's premier oil and gas regions, including the Barnett Shale, Permian Basin, Cana-Woodford Shale, Arkoma-Woodford Shale, Eagle Ford Shale, Haynesville Shale, Gulf Coast region, Utica Shale and Marcellus Shale. Based in Dallas, Texas, EnLink Midstream's assets include approximately 10,000 miles of gathering and transportation pipelines, 19 processing plants with approximately 3.9 billion cubic feet per day of processing capacity, seven fractionators with approximately 284,000 barrels per day of fractionation capacity, as well as barge and rail terminals, product storage facilities, purchase and marketing capabilities, brine disposal wells, an extensive crude oil trucking fleet and equity investments in certain private midstream companies.

Forward-Looking Statements 
This press release may include certain statements concerning expectations for the future that are forward-looking statements within the meaning of the federal securities laws, including statements regarding the intended use of offering proceeds and other aspects of the offering. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. An extensive list of factors that can affect future results are discussed in EnLink Midstream's filings with the Securities and Exchange Commission. EnLink Midstream has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Logo - http://photos.prnewswire.com/prnh/20160404/350984LOGO

SOURCE EnLink Midstream