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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 6:52 AM

Slide #33. EnLink Midstream Partners, LP Preferred Stock Offering

Company: EnLink Midstream Partners, LP (NYSE:ENLK)
Date announced: 9/14/2017
Shares Offered: 400,000
Date of Pricing: 9/14/2017
Price Per Share: $1,000.00
Preferred Stock Offering Details: EnLink Midstream Partners, LP (NYSE: ENLK) (the Partnership) today announced that it has priced an underwritten public offering of 400,000 of its 6.000% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (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 of 6.000% per annum of the stated liquidation preference of $1,000. On and after December 15, 2022, distributions on the Preferred Units will accumulate at a percentage of the $1,000 liquidation preference equal to an annual floating rate of the three-month LIBOR, determined quarterly, plus a spread of 4.11%. The offering is expected to close on or about September 21, 2017, subject to the satisfaction of customary closing conditions.

EnLink Midstream Partners provides midstream energy services including gathering, transmission, fractionation, storage, brine services and marketing, to producers of natural gas, natural gas liquids (NGLs), crude oil and condensate. Co. has five segments: Texas, which includes its activities in north Texas and west Texas; Oklahoma, which includes its natural gas gathering and processing operations located throughout Oklahoma; Louisiana, which includes its natural gas pipelines and processing plants, and NGL assets; Crude and Condensate, which includes its activities in the Utica and Marcellus Shales; and Corporate, which includes its investments in Howard Energy Partners, among others.
Open the ENLK Page at Ru Back Packer »

Name: EnLink Midstream Partners LP
Sector: Oil & Gas Refining & Marketing
Number of ETFs Holding ENLK: 5 (see which ones)
Total Market Value Held by ETFs: $19,612,535
Total Market Capitalization: $6,101,000,000
% of Market Cap. Held by ETFs: 0.32%

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

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