DALLAS, March 30,
2023 /PRNewswire/ -- EnLink Midstream, LLC
(NYSE: ENLC) (EnLink) today announced the pricing of its offering
of $300.0 million aggregate principal
amount of its 6.500% senior notes due 2030 (the Additional Notes)
at a price of 99.000% of their face value. The sale of the
Additional Notes is expected to close on April 3, 2023, subject to customary
conditions.
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