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.
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the technology, energy, and life sciences sectors. Since 1840, 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.