Follow-On Offering

Energy
Follow-On Offering

Summary

Baird served as a co-manager on this offering.

About

EnLink Midstream Partners, LP (“EnLink” or the “Partnership”) (NYSE: ENLK) recently completed a secondary offering of 26,220,000 common units at a price of $25.71 per unit, generating gross proceeds of approximately $674.1 million. All of the common units sold represented LP interests in the Partnership owned by a subsidiary of Devon Energy Corporation. The Partnership will not receive any proceeds from the offering.

EnLink is a leading, integrated midstream company with a diverse geographic footprint and a strong financial foundation, delivering tailored customer solutions for sustainable growth. EnLink’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. EnLink’s assets include over 9,100 miles of gathering and transportation pipelines, 16 processing plants with 3.6 billion cubic feet per day of processing capacity, seven fractionators with 280,000 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. The Partnership is headquartered in Dallas, Texas.

For additional information about this transaction, please contact:

Curtis Goot +1 (314) 445-6540
Frank Murphy +1 (314) 445-6532
Nick Alfermann +1 (314) 445-6531
Gary Placek +1 (414) 765-3611
Energy
Follow-On Offering
Date
March 2015
Company
EnLink Midstream Partners, LP
Transaction
M&A
Sectors
Energy
Target Location
North America

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