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Enable Midstream Partners (ENBL) Prices 10M Units Offering for Proceeds of ~$140M

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Enable Midstream Partners Prices Offering of Common Units

November 22, 2016 11:34 PM EST

OKLAHOMA CITY--(BUSINESS WIRE)-- Enable Midstream Partners, LP (NYSE: ENBL) (the Partnership) today announced that it has priced an underwritten public offering of 10,000,000 common units representing limited partner interests at a public offering price of $14.00 per common unit. In connection with the offering, the Partnership and Enogex Holdings LLC, a selling unitholder, granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common units. The Partnership expects the offering to close on November 29, 2016, subject to customary closing conditions.

The Partnership expects to receive net proceeds of approximately $136 million (or approximately $137 million... More

Enable Midstream Partners Announces Offering of Common Units

November 22, 2016 4:21 PM EST

OKLAHOMA CITY--(BUSINESS WIRE)-- Enable Midstream Partners, LP (NYSE: ENBL) (the Partnership) today 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... More