News Releases

Shell Midstream Partners, L.P. Announces $275 Million in Common Unit Sales

News Release
Deal Description: September 15, 2017 - Shell Midstream Partners, L.P. (NYSE: SHLX) issued and sold 10,370,000 common units for a total purchase price of approximately $275 million. The common units were sold to funds managed by Tortoise Capital Advisors, L.L.C. in connection with a registered direct offering and sales of common units pursuant to Shell Midstream Partners’ at-the-market, or “ATM” equity distribution program, for an average weighted cost of $26.55 per common unit. Shell Midstream Partners expects to use the net proceeds to repay amounts outstanding under the partnership’s credit facilities and for general partnership purposes.

Baker Botts Lawyers/Office Involved: 

For more information, please see Shell Midstream Partners’ news release.


# # # 

About Baker Botts LLP
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 176-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit BakerBotts.com.

Practices

Read More

Related Professionals