Enable Midstream Partners Prices $1.65 Bn Senior Notes Offering

(RTTNews) - Enable Midstream Partners, LP (ENBL) said Tuesday that it has priced a $1.65 billion private offering, consisting of $500 million aggregate principal amount of 2.400% Senior Notes due 2019, $600 million aggregate principal amount of 3.900% Senior Notes due 2024 and $550 million aggregate principal amount of 5.000% Senior Notes due 2044.

The offering of the notes is expected to close on or about May 27.

Enable Midstream plans to apply $1.05 billion of the net proceeds from the 2.400% Senior Notes due 2019 and the 3.900% Senior Notes due 2024 to repay its $1.05 billion term loan in full. Enable Midstream plans to apply all other net proceeds from the offering to contribute funds to Enable Oklahoma Intrastate Transmission, LLC for repayment of Enable Oklahoma's $250 million term loan and of Enable Oklahoma's $200 million 6.875% Senior Notes due 2014 at maturity and for general partnership purposes, including the funding of expansion capital expenditures.