DALLAS, Sept. 17,
2024 /PRNewswire/ -- EnLink Midstream, LLC
(NYSE: ENLC) ("ENLC") today announced that its subsidiary, EnLink
Midstream Partners, LP ("ENLK"), gave the required notice pursuant
to the Eleventh Amended and Restated Agreement of Limited
Partnership of ENLK to optionally redeem all of ENLK's 6.000%
Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual
Preferred Units (the "Series C Preferred Units") on September 17, 2024 (the "Redemption Date"). ENLC
intends to fund the redemption and associated costs with borrowings
under its revolving credit facility. The redemption price for the
Series C Preferred Units will be $1,008.28 per Series C Preferred Unit, including
accumulated and unpaid distributions to, but not including, the
Redemption Date.
A notice of redemption is being sent to all holders of the
Series C Preferred Units by Equiniti Trust Company, LLC, the paying
agent for the Series C Preferred Units. This press release does not
constitute an offer to sell any security, including the Series C
Preferred Units, nor a solicitation for an offer to purchase any
security, including the Series C Preferred Units.
About EnLink Midstream
Headquartered in Dallas, EnLink Midstream (NYSE: ENLC) provides
integrated midstream infrastructure services for natural gas, crude
oil, and NGLs, as well as CO2 transportation for carbon
capture and sequestration (CCS). Our large-scale,
cash-flow-generating asset platforms are in premier production
basins and core demand centers, including the Permian Basin,
Louisiana, Oklahoma, and North
Texas. EnLink is focused on maintaining the financial
flexibility and operational excellence that enables us to
strategically grow and create sustainable value.
Forward-Looking Statements
This press release
contains forward-looking statements within the meaning of the
federal securities laws. Although these statements reflect the
current views, assumptions, and expectations of ENLC's management,
the matters addressed herein involve certain assumptions, risks,
and uncertainties that could cause actual activities, performance,
outcomes, and results to differ materially from those indicated
herein. Therefore, you should not rely on any of these
forward-looking statements. All statements, other than statements
of historical fact, included in this press release constitute
forward-looking statements, including but not limited to statements
identified by the words "forecast," "may," "believe," "will,"
"should," "plan," "predict," "anticipate," "intend," "estimate,"
"expect," "continue," and similar expressions. Such forward-looking
statements include, but are not limited to, statements regarding
the anticipated redemption of the Series C Preferred Units and
other statements that are not historical facts. Such
forward-looking statements are subject to a variety of known and
unknown risks, uncertainties, and other factors that are difficult
to predict and many of which are beyond management's control,
including risks and uncertainties related to ENLC's business,
market conditions, whether ENLC will consummate the offering, the
anticipated use of proceeds, and other risk factors included in
ENLC's reports filed with the SEC. An extensive list of factors
that can affect ENLC's business are discussed in ENLC's filings
with the SEC, including ENLC's Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
ENLC assumes no obligation to update any forward-looking
statements.
Investor Relations: Brian
Brungardt, Senior Director of Investor Relations,
214-721-9353, brian.brungardt@enlink.com
Media Relations: Megan Wright,
Director of Corporate Communications, 214-721-9694,
megan.wright@enlink.com
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SOURCE EnLink Midstream, LLC
