EnLink sets guidance for two-part notes offering; pricing Thursday

By Aleesia Forni

Virginia Beach, Nov. 6 – EnLink Midstream Partners LP announced plans to price an offering of senior notes in two tranches on Thursday, according to a market source and a 424B2 filed with the Securities and Exchange Commission.

The sale is expected to include a tap of the company’s existing 4.4% senior notes due 2024 guided in the mid- to high-160 basis points area over Treasuries, as well as a tranche due 2045 guided in the Treasuries plus low-200 bps area.

Proceeds will be used for capital expenditures and general corporate purposes.

The bookrunners are MUFG, Morgan Stanley & Co. LLC and RBS Securities Inc.

EnLink Midstream Partners, formerly known as Crosstex Energy, LP, is a midstream natural gas company based in Dallas.

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