Enable Midstream Partners (ENBL) to Offer 10M Common Units

November 22, 2016 4:21 PM EST

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Enable Midstream Partners, LP (NYSE: ENBL) announced that it has commenced an underwritten public offering of 10,000,000 common units representing limited partner interests. In connection with the offering, the Partnership and Enogex Holdings LLC, a selling unitholder, intend to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 common units. The Partnership will not sell any common units pursuant to any exercise of the underwriters’ option to purchase additional common units until such exercise exceeds 1,424,281 common units. The Partnership intends to use the net proceeds from the offering for general partnership purposes.

Citigroup and Wells Fargo Securities are acting as joint bookrunners for the offering.

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