EnLink Midstream to pay down revolver drawings with notes proceeds

By Sara Rosenberg

New York, March 30 – EnLink Midstream LLC plans to repay amounts outstanding under its revolving credit facility using proceeds from a $300 million add-on senior notes offering, according to a market source.

As of March 28, there were $400 million in outstanding borrowings and $43.6 million in outstanding letters of credit under the revolver.

EnLink is a Dallas-based midstream energy services company that offers supply and marketing services to oil and gas producers and consumers.

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