EnLink Midstream, LLC: debt financing — EnLink Midstream issues $300M additional 6.500% senior notes due 2030

EnLink Midstream, LLC

Total outstanding notes increase to $1.0B with $300M add-on at 6.500% due Sep 1, 2030.
Notes guaranteed by subsidiary EnLink Midstream Partners, LP (ENLK).
Interest payable semi-annually on Mar 1 and Sep 1, starting Sep 1, 2023.
Redemption: make-whole prior to Mar 1, 2030 at T+50 bps; thereafter at par.
Offered under Rule 144A/Reg S to qualified institutional buyers.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

EnLink Midstream, LLC incurred senior notes of $300.0 million aggregate principal amount with initial purchasers (Wells Fargo Securities, LLC, as representative) at 6.500% fixed maturing September 1, 2030.

Instrument: senior notes
Principal: $300.0 million aggregate principal amount
Counterparty: initial purchasers (Wells Fargo Securities, LLC, as representative)
Rate: 6.500% fixed
Maturity: September 1, 2030
Event: incurrence

Exact text from the filing

On April 3, 2023, EnLink Midstream, LLC (“ENLC”) completed the sale of an additional $300.0 million aggregate principal amount of 6.500% senior notes due 2030 (the “Additional Notes”) pursuant to the terms of the purchase agreement, dated March 30, 2023 (the “Purchase Agreement”), among ENLC, EnLink Midstream Partners, LP, a subsidiary of ENLC (“ENLK”) , as guarantor, and Wells Fargo Securities, LLC, as representative of the several initial purchasers named therein (the “Initial Purchasers”).

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Source: SEC EDGAR

accession 0001104659-23-040827

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