EnLink Midstream Partners preps offering of 10-year senior notes at 350 bps over Treasuries

By Cristal Cody

Eureka Springs, Ark., July 11 – EnLink Midstream Partners, LP plans to price an offering of 10-year senior notes talked at 350 basis points over Treasuries, according to a market source and a 424B2 filing with the Securities and Exchange Commission on Monday.

The notes (Ba2/BBB-) are due July 15, 2026.

BofA Merrill Lynch, J.P. Morgan Securities LLC and SunTrust Robinson Humphrey, Inc. are the bookrunners.

Proceeds will be used to repay outstanding debt under the company’s revolving credit facility and for general partnership purposes.

EnLink is a Dallas-based midstream energy services provider.

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