Deal Description: On December 17, 2020, EnLink Midstream, LLC (“ENLC”) completed a private placement of $500.0 million aggregate principal amount of its 5.625% senior notes due January 2028. The senior notes are fully and unconditionally guaranteed on a senior basis by EnLink Midstream Partners, LP, a subsidiary of ENLC. ENLC intends to use the net proceeds from the offering to repay a portion of the borrowings under its $850 million term loan due December 2021.
Baker Botts L.L.P. represented ENLC in the private placement.
The Baker Botts Team:
Corporate: Preston Bernhisel (Partner, Dallas); Rachel Ratcliffe (Associate, Austin); Victor Ochieng (Associate, Dallas); Rosemary Maberry (Associate, Dallas); Derek Gabriel (Associate, Dallas); Elise Wang (Legal Intern, Dallas)
Finance: Luke Weedon (Partner, Dallas); Josh Espinosa (Associate, Dallas)
Tax: Steve Marcus (Partner, Dallas); Jordan Hahn (Associate, Dallas)
Employee Benefits: Robin Melman (Partner, New York)
For more information on the offering, please see ENLC’s news releases by clicking here.
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