Shell Midstream Partners, L.P. Announces Offering of Common Units

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Go back to Shell Midstream Partners, L.P. Announces Offering of Common Units

Shell Midstream Partners (SHLX) Prices 10.5M Common Offering at $33.25/Unit

May 18, 2016 8:12 AM EDT

Shell Midstream Partners, L.P. (NYSE: SHLX) today announced the pricing of an underwritten public offering of 10,500,000 common units representing limited partner interests, at a public offering price of $33.25 per common unit. The total gross proceeds (before the underwriters discounts and commissions and offering expenses) will be approximately $350 million. In connection with the offering, Shell Midstream Partners granted the underwriter a 30-day option to purchase up to an additional 1,575,000... More