Ru Back Packer

Quotes delayed 20 minutes



If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 9:46 AM

Slide #20. Summit Midstream Partners, LP Preferred Stock Offering

Company: Summit Midstream Partners, LP (NYSE:SMLP)
Date announced: 11/8/2017
Shares Offered: 300,000
Date of Pricing: 11/9/2017
Price Per Share: $1,000.00
Preferred Stock Offering Details: Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has commenced, subject to market conditions, an underwritten public offering of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests in the Partnership (the "Preferred Units"). The Partnership intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility and for general partnership purposes. -updated 11/9- Summit Midstream Partners, LP (NYSE: SMLP) (the "Partnership") announced today that it has priced an underwritten public offering of 300,000 of its 9.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests in the Partnership (the "Preferred Units") at a price of $1,000 per unit. Distributions on the Preferred Units will be payable from and including the date of original issue to, but not including, December 15, 2022, at a rate equal to 9.50% per annum of the $1,000 liquidation preference. On and after December 15, 2022, distributions on the Preferred Units will accumulate for each distribution period at a percentage of the liquidation preference equal to the three-month LIBOR plus a spread of 7.43%. The offering is expected to close on November 14, 2017, subject to customary closing conditions.

Summit Midstream Partners is engaged in developing, owning and operating midstream energy infrastructure assets. Co. provides natural gas gathering, treating and processing services as well as crude oil and produced water gathering services pursuant. Co.'s segments are: the Utica Shale, which includes its ownership interest in Ohio Gathering and is served by Summit Utica; the Williston Basin, which is served by Bison Midstream, Polar and Divide and Tioga Midstream; the Piceance/DJ Basins, which is served by Grand River and Niobrara G&P; the Barnett Shale, which is served by DFW Midstream; and the Marcellus Shale, which is served by Mountaineer Midstream.
Open the SMLP Page at Ru Back Packer »

Name: Summit Midstream Partners LP
Website: summitmidstream.com
Sector: Oil & Gas Equipment & Services
Number of ETFs Holding SMLP: 5 (see which ones)
Total Market Value Held by ETFs: $20,495,967.34
Total Market Capitalization: $1,633,000,000
% of Market Cap. Held by ETFs: 1.26%

Open the SMLP Page at Ru Back Packer (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference

The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500

Preferred Stock Offerings - Slide 20 of 414 | rubackpacker.com | Copyright © 2011 - 2018, All Rights Reserved