Initial Public Offering

Energy
Initial Public Offering

Summary

Baird served as a structuring advisor and lead book-running manager on this offering

About

Noble Midstream Partners LP (“Noble Midstream” or the “Partnership”) (NYSE: NBLX) recently completed an initial public offering of 14,375,000 common units at a price of $22.50 per unit, generating gross proceeds of approximately $323.4 million. This offering represents the first energy IPO in over a year.

Noble Midstream is a growth-oriented Delaware master limited partnership formed by Noble Energy, Inc. (“Noble”) to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets. The Partnership currently provides crude oil, natural gas and water-related midstream services. Noble Midstream’s areas of focus are in the DJ Basin in Colorado and the Delaware Basin in Texas. Noble Midstream is headquartered in Houston, Texas.

Noble Midstream’s sponsor, Noble, is one of the largest independent oil and natural gas exploration and production companies with a diversified, high-quality portfolio spanning three continents. Noble was founded more than 80 years ago and is based in Houston, Texas.

For additional information about this transaction, please contact:

Curtis Goot +1 (314) 445-6540
Justin Holsen +1 (414) 298-7768
Peter Kies +1 (414) 765-7262
Ryan Engelhardt +1 (414) 298-2637
Frank Murphy +1 (314) 445-6532
Energy
Initial Public Offering
Date
September 2016
Company
Noble Midstream Partners LP
Transaction
M&A
Sectors
Energy
Target Location
North America

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