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EnLink to repay outstanding revolver borrowings via new 10-year notes
By Tali Rackner
Norfolk, Va., July 11 – EnLink Midstream Partners, LP plans to repay outstanding borrowings under its revolving credit facility with the proceeds from a new $400 million 10-year senior note offering, according to a 424B2 filing with the Securities and Exchange Commission.
Proceeds will also be used for general corporate purposes.
As of Friday, there was $707 million in borrowings and $11 million in letters of credit outstanding under the $1.5 billion revolver, which includes a $500 million letter-of-credit subfacility.
The facility matures in March 2020, unless extended.
The oil and natural gas company is based in Dallas.
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