DCP Midstream Operating LP
Description
DCP Midstream Operating LP plans to redeem all of its 9.75% senior notes due March 15, 2019, of which an aggregate principal amount of $450 million is outstanding, subject to the receipt by the Trustee of the 2019 notes of funds sufficient to pay the amounts due in the redemption. The operating partnership intends to pay for the redemption of the 2019 notes using the proceeds from a concurrent offering of $500 million of the operating partnership’s senior notes due 2025.