Deal Description: On March 30, 2023, EnLink Midstream, LLC (NYSE: ENLC) (“EnLink”), announced the pricing of its offering of $300 million in aggregate principal amount of its 6.500% Senior Notes due 2030 (the “Additional Notes”).

The Additional Notes are being offered as an additional issue of EnLink’s existing $700.0 million aggregate principal amount of 6.500% senior notes due 2030 that EnLink issued on August 31, 2022 (the “Initial Notes”). The Additional Notes will be issued under the same indenture as the Initial Notes, will be treated as a single class of debt securities with the Initial Notes and will have the same terms, other than the issue date and offering price. Like the Initial Notes, the Additional Notes will be fully and unconditionally guaranteed on a senior basis by EnLink Midstream Partners, LP, a subsidiary of EnLink.

EnLink intends to use the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility.

Baker Botts is representing EnLink in the offering.

Baker Botts Lawyers/Office Involved:

Corporate: Preston Bernhisel (Partner, Dallas); Tala Esmaili (Associate, Dallas); Brendan LeMay (Associate, New York)

Finance: Luke Weedon (Partner, Dallas)

Tax: Steve Marcus (Partner, Dallas)

For more information, please see EnLink’s news release by clicking here.

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