DALLAS, March 30,
2023 /PRNewswire/ -- EnLink Midstream, LLC (NYSE:
ENLC) (EnLink) today announced its intention, subject to market
conditions, to commence an offering of $300.0 million aggregate principal amount of its
6.500% senior notes due 2030 (the Additional Notes). The Additional
Notes are being offered as an additional issue of EnLink's existing
$700.0 million aggregate principal
amount of 6.500% senior notes due 2030 that EnLink issued on
August 31, 2022 (the Initial Notes).
The Additional Notes will be issued under the same indenture as the
Initial Notes, will be treated as a single class of debt securities
with the Initial Notes and will have the same terms, other than the
issue date and offering price. Like the Initial Notes, the
Additional Notes will be fully and unconditionally guaranteed on a
senior basis by EnLink Midstream Partners, LP (ENLK), a subsidiary
of EnLink.
EnLink intends to use the net proceeds from the offering to
repay outstanding borrowings under its revolving credit
facility.
The Additional Notes and ENLK's guarantee are being offered only
to persons reasonably believed to be qualified institutional buyers
in reliance on Rule 144A under the Securities Act of 1933, as
amended (the Securities Act), or to persons other than "U.S.
persons" outside the United States
in compliance with Regulation S under the Securities Act. The
Additional Notes and ENLK's guarantee have not been registered
under the Securities Act or the securities laws of any other
jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This
notice is issued pursuant to Rule 135c of the Securities Act, and
does not constitute an offer to sell any security, including the
Additional Notes or ENLK's guarantee, nor a solicitation for an
offer to purchase any security, including the Additional Notes or
ENLK's guarantee, nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation, or sale would
be unlawful prior to registration, qualification, or exemption
under the securities laws of any such jurisdiction.
About EnLink Midstream
Headquartered in Dallas, EnLink Midstream (NYSE: ENLC) provides
integrated midstream infrastructure services for natural gas, crude
oil, condensate, and NGLs, as well as CO2 transportation
for carbon capture and sequestration (CCS). Our large-scale,
cash-flow-generating asset platforms are in premier production
basins and core demand centers, including the Permian Basin,
Louisiana, Oklahoma, and North
Texas. EnLink is focused on maintaining the financial
flexibility and operational excellence that enables us to
strategically grow and create sustainable value.
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of the
federal securities laws. Although these statements reflect the
current views, assumptions, and expectations of EnLink's
management, the matters addressed herein involve certain
assumptions, risks, and uncertainties that could cause actual
activities, performance, outcomes, and results to differ materially
from those indicated herein. Therefore, you should not rely on any
of these forward-looking statements. All statements, other than
statements of historical fact, included in this press release
constitute forward-looking statements, including but not limited to
statements identified by the words "forecast," "may," "believe,"
"will," "should," "plan," "predict," "anticipate," "intend,"
"estimate," "expect," and "continue" and similar
expressions. Such forward-looking statements include, but are not
limited to, statements regarding the anticipated consummation of
the offering, the intended use of offering proceeds, the
anticipated terms of the securities described herein, other aspects
of the offering, and other statements that are not historical
facts. 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, including risks and uncertainties related to EnLink's
business, market conditions, whether EnLink will consummate the
offering, the anticipated terms of the Additional Notes and
the anticipated use of proceeds, the impact of competition, and
other risk factors included in EnLink's reports filed with the
Securities and Exchange Commission. An extensive list of factors
that can affect EnLink's business are discussed in EnLink's filings
with the Securities and Exchange Commission, including EnLink's
Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and
Current Reports on Form 8-K. EnLink assumes no obligation to update
any forward-looking statements.
Investor Relations: Brian
Brungardt, Director of Investor Relations, 214-721-9353,
brian.brungardt@enlink.com
Media Relations: Megan
Wright, Director of Corporate Communications, 214-721-9694,
megan.wright@enlink.com
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SOURCE EnLink Midstream, LLC