|Citigroup Global Markets Inc. c/o Broadridge Financial Solutions 1155 Long Island Ave. Edgewood, NY 11717 Telephone: (800) 831-9146||Wells Fargo Securities 375 Park Avenue New York, NY 10152 Attn: Equity Syndicate Dept. e-mail: email@example.com phone: 1-800-326-5897|
Enable Midstream Partners, LP (NYSE:ENBL) (the "Partnership") today announced that it has priced an underwritten public offering of 10,000,000 common units representing limited partner interests at a public offering price of $14.00 per common unit. In connection with the offering, the Partnership and Enogex Holdings LLC, a selling unitholder, granted the underwriters a 30-day option to purchase up to an additional 1,500,000 common units. The Partnership expects the offering to close on November 29, 2016, subject to customary closing conditions. The Partnership expects to receive net proceeds of approximately $136 million (or approximately $137 million if the underwriters exercise in full their option to purchase additional common units) after deducting underwriting discounts and estimated offering expenses. The Partnership intends to use the net proceeds from the offering for general partnership purposes. The Partnership will not sell any common units pursuant to any exercise of the underwriters' option to purchase additional common units until such exercise exceeds 1,424,281 common units. Citigroup and Wells Fargo Securities are acting as joint bookrunners for the offering, and Deutsche Bank Securities and J.P. Morgan are acting as joint lead managers for the offering. Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained, free of charge, on the Securities and Exchange Commission's website at www.sec.gov or by sending a request to:
The common units are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.